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Generative AI gold rush drives IT spending — with payoff in question

CIO

A scramble to invest in artificial intelligence and a natural replacement cycle for computing devices purchased during the COVID pandemic will lead to an 8% increase in global IT spending this year, Gartner predicted. They are not going to have a meaningful generative AI product or service running at their company by the end of this year.”

IT 696
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Oracle Cloud SCM gets new capabilities to help manage logistics

CIO

Oracle is adding new capabilities to its Supply Chain and Manufacturing (SCM) Fusion Cloud to help enterprises manage their logistics. In addition, Oracle has added a new trade incentive program to the suite that will allow enterprises to automate support for multiple country-specific trade programs.

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Oracle’s Fusion Cloud CX, ERP, and SCM get generative AI features

CIO

Just months after partnering with large language model-provider Cohere and unveiling its strategic plan for infusing generative AI features into its products, Oracle is making good on its promise at its annual CloudWorld conference this week in Las Vegas.

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Microsoft and Cognizant team up to boost enterprise Copilot adoption

CIO

Many see the high price tag of initial offerings and a lack of understanding as to how workflows will need to be adjusted to truly capture the value of copilots as deterrents to signing on for the added functionality. Marr emphasized that multiple factors need to be considered to establish who is responsible when AI tools lead to mistakes.

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AWS launches no-code service AppFabric with generative AI assistance

CIO

The fully managed AppFabric offering, which has been made generally available, is designed to help enterprises maintain SaaS application interoperability without having to develop connectors or workflows in-house while offering added security features, said Federico Torreti, the head of product for AppFabric.

Security 843
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IBM doubles down on hybrid cloud with $6.4B HashiCorp acquisition

CIO

HashiCorp is known for its Terraform product, an infrastructure automation tool, which is considered an industry standard for infrastructure provisioning in hybrid and multicloud environments. The deal is expected to close by the end of 2024, the statement added.

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Pentagon’s first chief AI officer leaves after two years

CIO

The first leader of the fledgling Chief Digital and Artificial Intelligence Office [CDAO] in the US Department of Defense is leaving his post, but the Pentagon already has a successor lined up. Martell had previously served as head of machine learning at Lyft and as head of machine intelligence at Dropbox.