Topic: corporate leadership
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Vertiv Names New EMEA Leadership in Strategic Shift
Karsten Winther will retire as president of Vertiv's EMEA operations on December 31, 2025, after significantly strengthening the region and building lasting customer relationships. Paul Ryan, the current chief procurement officer, will succeed Winther on January 1, 2026, bringing over two decades...
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OpenAI, NVIDIA Partner on $100B AI Infrastructure Plan
OpenAI and NVIDIA have formed a strategic partnership to build the largest-ever AI infrastructure, involving a $100 billion investment from NVIDIA to deploy at least 10 gigawatts of computing systems. The initiative will launch in late 2026 using NVIDIA's new Vera Rubin platform, designed to supp...
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AI's Impact on Jobs, Security, and Prosperity: The Debrief
Young people are increasingly anxious about AI's impact on their future, particularly regarding job displacement, as tech leaders predict significant losses in white-collar roles. The rapid expansion of AI infrastructure is exacerbating environmental issues, with data centers consuming massive am...
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SoftBank Expands Robotics Empire with ABB Unit Acquisition
SoftBank Group has agreed to acquire ABB's robotics division for $5.375 billion, marking a strategic expansion into "physical AI" and robotics as a core growth area, with the deal expected to close by late 2026. The ABB robotics unit, which employs 7,000 people and generated $2.3 billion in reven...
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Veeam Buys Securiti AI in $1.7 Billion Data Security Deal
Veeam has acquired Securiti AI for $1.725 billion to enhance data management and protection, integrating its technology into Veeam's data resilience solutions by early December. The acquisition aligns with Veeam's strategy to expand its capabilities in data security and AI readiness, following a ...
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Ex-Lidar CEO Launches Bid to Reclaim His Company
Austin Russell, Luminar's founder and former CEO, is attempting to regain control of the company by purchasing all outstanding Class A Common Stock through his new entity, Russell AI Labs. The proposal involves taking Luminar private under Russell AI Labs while maintaining its public listing and ...
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Workday Expands AI Platform to Middle East with New Dubai Hub
Workday is expanding into the Middle East by establishing a new regional hub in Dubai to directly serve the market with its enterprise AI platform. The company's cloud-native platform focuses on managing people, finances, and AI agents, helping organizations navigate operational challenges and al...
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GM's Escalade IQ to Offer Hands-Free Driving by 2028
Despite a $1.6 billion loss in its EV rollout, General Motors is emphasizing advanced technology like autonomous driving and AI to define its future and compete globally. GM plans to introduce a Level 3 hands-free highway driving system for the Cadillac Escalade IQ in 2028, expanding on its exist...
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LG's AI Laundry: A Smarter, Greener Wash in the UAE
LG's AI-powered laundry solutions offer superior cleaning, significant energy savings, and intelligent fabric care, transforming household routines in the UAE. Advanced features like HeatPump technology and AI Core-Tech optimize performance, reducing energy use by up to 60% and protecting clothes...
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Why You Shouldn't Trust AI for Product Advice, Warns Tech CEO
AI systems increasingly prioritize marketing materials over impartial journalism in their responses, potentially leading to biased shopping recommendations. Technology leader Vivek Shah advises users to critically examine the sources behind AI chatbot answers to ensure they receive balanced infor...
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Honoring the Legacy of Steve Jobs
Today marks the 14th anniversary of Steve Jobs' passing, which occurred shortly after Apple introduced the iPhone 4S and Siri, highlighting his enduring influence on the company's innovations. Apple CEO Tim Cook regularly honors Jobs, describing him as a visionary who inspired the company and not...
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Coke's New Bottle Design Aims to Boost Soda Sales
Despite disposable packaging dominating the market in the 1990s, Coca-Cola maintained its commitment to the iconic contour glass bottle for its strong symbolic and nostalgic value. CEO Doug Ivester viewed the bottle as essential to the brand's health, believing it communicated heritage and emotio...
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Ooredoo Kuwait Honored as Employer of Choice at HRM Summit 2025
Ooredoo Kuwait received the "Employer of Choice" and "Best Employee Benefits Package" awards at the 17th Annual HRM Summit 2025, recognizing its commitment to a people-first culture and supportive work environment. The company's strategy includes flexible work options, skill development, health a...
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Gartner: Adopt AI Agents Now, But Beware the Hype
Business leaders are under pressure to adopt AI agents, with forecasts predicting that 40% of enterprise applications will include them by 2026, but experts warn against hasty decisions driven by hype. Despite the urgency to avoid falling behind, early testing shows AI agents have inconsistent ca...
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