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Hospital CFOs report high failure rates for tech pilots despite rising AI investment
A survey of 150 U.S. hospital finance chiefs highlights significant challenges in adopting financial and administrative technologies, with 60% reporting that at least half of their tech pilots fail, and 57% saying the same across all pilot projects. These initiatives, which often include AI-driven forecasting, revenue cycle automation, and analytics tools, frequently fall short due…
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IBM completes $11bn Confluent acquisition to srengthen AI data capabilities
IBM has finalized its $11bn acquisition of data-streaming company Confluent, aiming to enhance how businesses access and use data for artificial intelligence (AI) applications. The deal positions Confluent’s technology as a core component of IBM’s platform, enabling real-time data access across complex IT systems – a key requirement for deploying AI agents. Chief executive Arvind…
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Deloitte report highlights gap between AI ambitions and organizational readiness
Deloitte’s 2026 Global Human Capital Trends report finds that while business leaders are increasingly looking to technology – particularly AI – to solve workforce and operational challenges, most organizations lack the cultural and structural foundations to deliver on those ambitions. The report identifies three key issues: employees struggling to keep pace with constant change, widespread…
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Costco sued by shopper seeking tariff-related refunds
Costco is facing a proposed class-action lawsuit from a shopper who claims the retailer should refund customers for price increases linked to tariffs that the Supreme Court recently ruled unlawful. The suit argues that if Costco receives tariff refunds from the government, it should pass those savings on to customers who paid higher prices. However,…
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Atlassian cuts 10% of workforce in pivot to AI
Atlassian, Australia’s largest listed technology company, is to cut 10% of its staff, or 1,600 employees, in response to the threat posed by artificial intelligence (AI) to its operations. The Sydney-based company said it plans to “rebalance” its resources to focus on the “future of ?teamwork in the AI era.” Chief executive Mike Cannon-Brookes said…
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BlackRock pledges $100m to train skilled workers for infrastructure boom
BlackRock is committing $100m to fund training programs for skilled trade workers as part of its growing push into infrastructure investing. The initiative, called Future Builders, will support workforce development in fields such as plumbing, electrical work, HVAC, and ironworking by partnering with nonprofits and training organizations. The program aims to guide workers from pre-apprenticeship…
