#ai-strategy

#ai-strategy

Intuit has laid off 17 per cent of its full-time workforce or about 3,000 roles worldwide as it plans to streamline the business and focus on key areas, including AI. In an email sent to employees on Wednesday, CEO Sasan Goodarzi said the company was "reducing complexity and simplifying our structure" to better deliver on growth and three big goals, including scaling their "AI-native platform."

We're restructuring Dune to sharpen our focus around the core data products thousands of customers across the crypto industry rely on, he said. That unfortunately means we've let 25% of the team go this week.

The SEC requires companies to disclose the ratio of CEO pay to the median worker pay. According to the Apple ( NASDAQ: AAPL | AAPL Price Prediction) proxy, "2025 annual total compensation of our CEO was $74,294,811, the 2025 annual total compensation of our median compensated employee was $139,483, and the ratio of these amounts is 533 to 1." While there are some companies with a higher ratio, Cook's number is still in nosebleed territory

BuzzFeed is selling a controlling stake to Allen Family Digital for $120 million-$100 million of which isn't due for five years. Allen Family Digital, associated with Byron Allen, will control about 52% of BuzzFeed's outstanding shares at $3 each. BuzzFeed's shares were up more than 101% to over $1.49 on Tuesday morning. The stock has been trading at under a dollar a share for most of this year.

This role is all about thinking how you can use your experience and keep yourself up to pace with the advancement that is happening in the technology world. As CIO, you must ensure you understand market insights, so that you know what's happening in the business, what's happening in the industry, and then continue to push your stakeholders on future-proofing your organisation.

In his last quarter as CEO of Berkshire Hathaway ( NYSE: BRK-B), Warren Buffett remixed his portfolio, as he always does. He cut his position in Amazon ( NASDAQ: AMZN | AMZN Price Prediction) and increased his bet on Chevron. He also did something he has done for several quarters. He cut his position in Apple ( NASDAQ: AAPL) sharply, According to Bloomberg, "Also in the fourth quarter, Berkshire continued trimming its stakes in Bank of America Corp. and Apple Inc., bringing them to 7.1% and 1.5%, respectively." He first bought Apple in 2016.

The bank is reshuffling its commercial and investment bank to "maximize the impact of AI," according to an internal memo seen by Business Insider that was sent this week. The firm has named Guy Halamish as the chief operating officer of the CIB and tasked him with overseeing the ongoing effort to "harness the power of our data and fully leverage rapidly evolving AI capabilities," the memo, signed by the CIB's co-CEOs, Doug Petno and Troy Rohrbaugh, said.