Remove .Net Remove Budget Remove Company Remove Development
article thumbnail

Seattle approves new city budget that plugs shortfalls with surplus revenue from business tax

GeekWire

Amazon’s Spheres and other buildings at the company’s headquarters campus in Seattle. Now the city is using the surplus to help close major gaps in its budget. ” Seattle already faced operating deficits of $141 million for 2023 and $152 million for 2024 before the budget planning process began this fall. .

Budget 82
article thumbnail

Google Cloud growth slows as Alphabet net income plunges

CIO Business Intelligence

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 from the $61.2

.Net 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Seattle office market continues to struggle as vacancy rates rise for ninth consecutive quarter

GeekWire

It also marked the ninth straight quarter of negative net office absorption, which is calculated by the total amount of space leased minus the total space vacated in a given quarter. Companies are reducing real estate footprints with the adoption of hybrid work policies. at the end of 2023, the ninth consecutive quarterly increase.

article thumbnail

Seattle lawmakers axe funds for gunshot detection tech that was part of mayor’s public safety push

GeekWire

billion city budget for 2023 will not include funds sought by Mayor Bruce Harrell for gunshot detection technology. The technology being sought, developed by companies such as Fremont, Calif. All proposed funding was eventually cut from the budget. The City of Seattle is facing major shortfalls in its budget.

Budget 112
article thumbnail

Low-code: An Accelerator for Digital Transformation

CIO Business Intelligence

Digital transformation is expected to be the top strategic priority for businesses of all sizes and industries, yet organisations find the transformation journey challenging due to digital skill gap, tight budget, or technology resource shortages. Empowering Citizen Developers. Better quality code.

article thumbnail

CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO Business Intelligence

For Neeraj Kumar, CTO of Arkreach, the speed with which AI technologies are being developed itself poses a threat. Another challenge is the critical shortage of skilled professionals that, according to Gugnani, makes it challenging and costly for companies to hire and retain talent in machine learning, data science, and AI integration.

Survey 120
article thumbnail

The new CFO: How AI has changed the game for chief financial officers

CIO Business Intelligence

Nearly half of the companies (47%) recently surveyed by CNBC say that AI is their top priority for tech spending over the next year, and AI budgets are more than double the second-biggest spending area in tech, cloud computing, at 21%. For the CFOs at the center of that transformation, the stakes are higher than ever.