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Report: AI Will Take Up 10% of Big Tech IT Budgets
Artificial intelligence (AI) projects are set to comprise up to 10% of companies’ IT budgets. That’s according to a report Sunday (May 12) by Seeking Alpha, citing research by Wedbush. As the report notes, it’s a dramatic jump in AI spending, which last year accounted for under 1% of IT spending. “While the first wave of […]
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Oddity Tech says it's bucking the beauty slowdown Ulta warned about
Beauty stocks fell last month after Ulta CEO Dave Kimbell said beauty demand was cooling, but cosmetics upstart Oddity Tech said the industry is just changing.