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Union Cabinet Approves Rs 1,789 Crore AI-Powered Traffic System to Tackle Delhi's Congestion Crisis

The Union Cabinet has approved a Rs 1,789.52 crore Intelligent Traffic Management System for Delhi, deploying AI-powered adaptive traffic signals across 42 corridors. The system will dynamically adjust signal timings, prioritize emergency vehicles, and automate enforcement for violations including wrong-way driving and mobile phone use while driving.

Technology2 sources

Union Cabinet Approves Rs 1,789 Crore AI-Powered Traffic System to Tackle Delhi's Congestion Crisis

Technology2 sources

Infosys and ABN AMRO Extend Strategic Collaboration to Accelerate AI-Driven Transformation

Infosys and ABN AMRO Bank have extended their strategic collaboration to accelerate AI-driven transformation across the bank's operations. Using Infosys Topaz, the partnership will modernize ABN AMRO's IT landscape through application development, testing, and support services while embedding generative and agentic AI technologies enterprise-wide to drive operational efficiency and reduce complexity.

Business2 sources

Infosys and ABN AMRO Extend Strategic Collaboration to Accelerate AI-Driven Transformation

Business2 sources

AI in Hiring Sparks Arms Race as Job Applications Surge 30% and Recruiters Struggle to Find Talent

AI has transformed the job application process into a flood of resumes that's overwhelming recruiters. Job seekers now send 30% more applications than pre-pandemic using AI-generated resumes and cover letters. Meanwhile, 60% of hiring managers say AI makes evaluating real candidate skills harder, with nearly 20% struggling to confirm they're even interviewing humans.

Business3 sources

AI in Hiring Sparks Arms Race as Job Applications Surge 30% and Recruiters Struggle to Find Talent

Business3 sources

FactSet AI Sales More Than Double, Propelling 7% ASV Growth as Stock Gains 3%

FactSet Research Systems reported better-than-expected Q4 fiscal 2026 results with AI-related products accounting for over 10% of new ASV added. The company's organic annual subscription value reached $2.56 billion with 7% growth, while AI solutions ASV more than doubled year-over-year, driving FactSet stock up nearly 3% despite softer fiscal 2027 guidance.

Business3 sources

FactSet AI Sales More Than Double, Propelling 7% ASV Growth as Stock Gains 3%

Business3 sources

Relay Secures $36M to Transform Frontline Workers' Radios Into AI-Powered Intelligence Systems

Relay raised $36 million in funding led by International Paper, bringing total capital to over $90 million. The smart radio startup uses AI-powered voice systems to capture vital intelligence from frontline workers in manufacturing, hospitality and healthcare, converting spoken conversations into structured data that prevents signal evaporation and improves operational efficiency.

Technology2 sources

Relay Secures $36M to Transform Frontline Workers' Radios Into AI-Powered Intelligence Systems

Technology2 sources

Colleges Are Betting Big on AI Education as Universities Race to Prepare Students for AI-Driven Future

American universities are rapidly transforming their academic programs to integrate AI across all disciplines. With 304 U.S. colleges now offering AI-related degrees and master's programs jumping 167% since 2022, institutions are racing to meet workforce demand while emphasizing human agency and durable skills alongside technical training.

Business3 sources

Colleges Are Betting Big on AI Education as Universities Race to Prepare Students for AI-Driven Future

Business3 sources

70% of Enterprises Expected to Abandon Vendor-Built Agentic AI Systems by 2028, Gartner Warns

Gartner forecasts that 70% of enterprises will abandon agentic AI systems built with vendor assistance by 2028, trapped by escalating costs and unable to modify the technology without external help. The warning highlights critical challenges in forward-deployed engineering models where customers fail to acquire necessary knowledge transfer and control after vendors exit.

Business2 sources

70% of Enterprises Expected to Abandon Vendor-Built Agentic AI Systems by 2028, Gartner Warns

Business2 sources

PwC Survey Reveals Workforce Split Into 4 Groups as 56% Fall Behind on AI Skills

A new PwC survey of 49,364 workers across 48 countries shows 64% have used AI at work in the past year, up 10 points from 2025. But access to AI training has dropped sharply to 51% from 59%, creating a widening skills gap that's splitting the workforce into four distinct groups with vastly different career trajectories.

Business2 sources

PwC Survey Reveals Workforce Split Into 4 Groups as 56% Fall Behind on AI Skills

Business2 sources

BMW Bets on AI Restructuring Plan With 20% Job Cuts and €2bn to Revive Its Fortunes

BMW unveiled a comprehensive restructuring plan centered on AI integration, cutting management roles by 20% and investing €2 billion in German production. The luxury automaker aims to restore profitability after multiple profit warnings, with automotive operating margins targeted at 3-5% by 2028 and 8-10% by the early 2030s.

Business4 sources

BMW Bets on AI Restructuring Plan With 20% Job Cuts and €2bn to Revive Its Fortunes

Business4 sources

Ascerta Raises $18M from Dell to Help Enterprises Measure Which AI Investments Actually Pay Off

Ascerta, formerly Pay-i, closed an $18M Series A led by Dell Technologies Capital to expand its Enterprise AI Management platform. The startup helps CIOs and CFOs track AI business value, measure real ROI, and cut wasted AI spend by showing which initiatives deliver measurable results and which don't.

Startups3 sources

Ascerta Raises $18M from Dell to Help Enterprises Measure Which AI Investments Actually Pay Off

Startups3 sources

Bank of England warns AI risk and $450 billion debt surge threaten financial stability

The Bank of England has flagged AI-related debt and cyber threats as critical risks to financial stability. With global AI debt issuance hitting $450 billion—double 2025 levels—and incidents of AI models breaching safeguards, the central bank warns interconnected vulnerabilities could crystallize into system-wide disruptions.

Policy4 sources

Bank of England warns AI risk and $450 billion debt surge threaten financial stability

Policy4 sources

Ukraine's Digital Minister Pitches War-Tested AI Sandbox to Europe and the US

Ukraine's digital minister Oksana Ferchuk is positioning the country as an AI sandbox for Europe while pushing to boost high-tech exports. Despite ongoing Russian attacks on infrastructure, Ukraine's digital government system continues to deliver over 250 services through the Diia platform, demonstrating remarkable digital resilience built under wartime pressure.

Policy2 sources

Ukraine's Digital Minister Pitches War-Tested AI Sandbox to Europe and the US

Policy2 sources

Booz Allen Hamilton Appoints Navy Robotics Pioneer Michael D. Brasseur as Executive Vice President

Booz Allen Hamilton has appointed Michael D. Brasseur, a 26-year Navy veteran and founding Commodore of Task Force 59, as executive vice president. Brasseur led the Navy's first dedicated unit for unmanned systems and artificial intelligence, accumulating over 35,000 hours in maritime robotics operations. He will now shape the company's defense technology business and innovation strategies.

Business2 sources

Booz Allen Hamilton Appoints Navy Robotics Pioneer Michael D. Brasseur as Executive Vice President

Business2 sources

AI Workforce Transformation to Force 11 Million Workers Into New Careers by 2035, McKinsey Warns

A new McKinsey report reveals AI and automation will reshape America's job landscape by 2035, forcing 11 million workers—7% of the workforce—to switch occupations entirely. While AI will create more jobs than it kills, the challenge lies in mobility: 770,000 workers yearly must make career switches at 3.6 times historical rates, marking the largest workforce transformation in US history.

Business4 sources

AI Workforce Transformation to Force 11 Million Workers Into New Careers by 2035, McKinsey Warns

Business4 sources

AI Super PACs Pour $55.7 Million Into Midterm Elections, Obscuring Industry Ties in Campaign Ads

OpenAI and Anthropic-aligned super PACs have spent $55.7 million on midterm elections, concentrating on safe seats and primary races. Despite heavy spending, only 7 of 95 ads reviewed mentioned AI directly, as companies work to elect favorable policymakers while public sentiment toward the industry sours.

Policy4 sources

AI Super PACs Pour $55.7 Million Into Midterm Elections, Obscuring Industry Ties in Campaign Ads

Policy4 sources

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