Accenture is the latest company to pay up for President Donald Trump’s DEI policies. The technology and consulting firm agreed to pay $25 million to settle allegations that it failed to comply with antidiscrimination requirements in federal contracts, the Department of Justice announced on Monday. The agency accused Accenture of discriminating against employees and applicants
The apocryphal quip attributed to Mark Twain, “the rumors of my death are greatly exaggerated,” rings true for certain companies in the software space amidst widespread but premature fears of AI-driven obsolescence. Over the last year, approximately $2 trillion in software value has been torched on fears that AI will render many software businesses obsolete
On Wednesday, IBM officially reported its earnings and the news was as bad as everyone knew it would be. While the 115-year-old company still generates large amounts of cash ($17.2 billion in revenue, $9.9 billion in gross profit, nearly 58% margins and $2.2 billion in net profit for the quarter), its results fell well short