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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI. Despite the fact that we are opening new and expanding existing cloud data centers very, very rapidly.”

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How Trainline’s CTO stays on track with professional development

CIO Business Intelligence

Few would swap sunny San Francisco and the innovation of Silicon Valley for a train ticketing company serving disgruntled UK commuters, but try telling that to Trainline CTO, Milena Nikolic. There’s a reported international expansion on the horizon, government contracts to win and a new CDO, hired from Meta, now reporting into Nikolic. “I

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Athira Pharma extends Alzheimer’s clinical trial, adds new execs after CEO placed on leave

GeekWire

Athira Pharma is advancing its clinical trials in the wake of allegations of image manipulation in papers authored by its CEO, the company reported today in its second quarter financial and business update. Net loss per share came in at $0.38, which was just above analyst expectations. Athira Photos).

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CIOs rethink all-in cloud strategies

CIO Business Intelligence

The savings are just too big to ignore for a ton of companies,” says David Heinemeier Hansson, the Danish developer of Ruby on Rails and co-owner and CTO of 37signals, which completed a six-month total exit from the cloud last June. “‘Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024.

Strategy 143
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11 ways to reduce your IT costs now

CIO Business Intelligence

But as digital transformation efforts have intensified in recent years, CIOs have had fewer opportunities to pause and reevaluate IT’s financial situation. Revisit the project portfolio Strong demand management is essential for sustainable IT cost optimization, says Anja Allen, principal in EY Americas’ technology consulting practice.

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JLL reinvents itself for the AI era

CIO Business Intelligence

We have a very diversified portfolio,” says Morin, who oversees roughly 1,000 IT employees within the company’s technology arm but estimates that between 2,000 and 3,000 employees in total are developing, selling or servicing JLL’s software. Generative AI and LLMs are changing all that.

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Better, faster decisions: Why businesses thrive on real-time data

CIO Business Intelligence

Gathering and processing data quickly enables organizations to assess options and take action faster, leading to a variety of benefits, said Elitsa Krumova ( @Eli_Krumova ), a digital consultant, thought leader and technology influencer. Nichol ( @PeterBNichol ), Chief Technology Officer at OROCA Innovations.

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