The business case for adopting #CloudComputing #AI and #automation is fundamentally sound, said Sunil Kanchi, #CIO of @USTglobal as is the case for #lowcode
BUSINESS
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New Tech Giants Expected to Emerge from Market Downturn
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@weschan predicts that “the new Google or Uber of 2023 and 2024 will come out of this downturn.”
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Business-critical AI services positioned as utilities for survival
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Demand for business-critical services that feel like utilities, will fare better. The outlook for drug discovery and life sciences, cybersecurity, and companies that help customers address costly inefficiencies or unlock inventory will survive, @weschan says.
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Economic Downturn to Hit Crypto, Neobanks, Startups Hard Mid-2027
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“The downturn has kind of started but it hasn’t hit bottom and will get bad, very quickly, likely sometime mid next year,” says @weschan He expects lower demand for marginal or luxury areas like crypto, grocery and food delivery services, “neobanks,” and high-end travel, beauty.
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Tech Layoffs Signal Worsening Business Outlook and Market Shift
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Tech Layoffs Reflect Worsening Outlook. Enterprise technology so far has been a relative bright spot. That may continue, but with a growing emphasis on services crucial to running a business and can be monetized right away. https://
wsj.com/articles/analy
sis-tech-layoffs-reflect-worsening-outlook-11667523187
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Twitter’s $1bn annual debt burden from leveraged buyout
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Yeah I find it pretty frustrating that Twitter-the-company is now on the hook for $1bn/year interest payments pay off the loan that was effectively used to reward the previous shareholders with a tidy multiple
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Amazon’s Financial Strength vs Twitter’s Billion Dollar Debt Burden
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Amazon can afford to pay well. Twitter now owes $1bn/year in interest payments, which is more than they've ever made in profit.
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Musk’s Twitter Lenders Prepare to Hold $127 Billion Debt
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I mean at this point it wouldn't surprise me. The banks don't see to think they'll get their money back https://
reuters.com/business/finan
ce/musks-lenders-prepare-hold-127-bln-twitter-debt-books-until-early-2023-ft-2022-11-01/
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Half company departures following major acquisition deal closing
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Half the company within seven days of the deal closing?
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CEO Leadership Fails to Understand Social Media Product Strategy
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I don't think strategies that work for building spaceships (projects where people will tolerate a LOT of bad culture for the chance to work on them) are going to work for a social media service – especially not when the new CEO clearly doesn't understand /why/ the product works