Artificial Intelligence

A new report by ACI Worldwide and Payments Dive reveals a growing trend among global retailers to adopt multi-acquirer strategies, with 97% utilizing them and 96% reporting increased revenue. The study emphasizes the importance of alternative payment methods (APMs) like mobile wallets and cryptocurrencies, and the increasing use of AI for fraud detection and predictive analytics. The report highlights payment orchestration platforms (POPs) which many retailers are now using, and also pinpoints the necessity of localized payment strategies for global expansion.

TaskUs stockholders rejected the proposed transaction agreement with a Blackstone affiliate and the company’s co-founders. Consequently, TaskUs will terminate the agreement and remain publicly traded under the ticker TASK. CEO Bryce Maddock emphasized the company’s commitment to evolving its business to thrive in the age of artificial intelligence, signaling a strategic shift. The final voting results will be disclosed in an SEC filing. The termination carries no fee for either party. TaskUs is an outsourced digital services provider navigating a competitive landscape with increasing AI demands.

SoftBank Group will acquire ABB’s robotics division for $5.4 billion, abandoning ABB’s spin-off plan. SoftBank aims to fuse AI and robotics, driving a new era of “Physical AI.” The acquisition strengthens SoftBank’s AI portfolio, including Arm and OpenAI, and expands its robotics capabilities alongside investments like AutoStore and Agile Robots. ABB will use the proceeds from the sale to invest in its electrification and automation businesses. The deal is seen as beneficial for both companies.

Thoma Bravo’s Orlando Bravo warns of an AI valuation bubble, drawing parallels to the dot-com era. He questions high valuations relative to current revenue, citing examples like OpenAI and Palantir. While acknowledging AI’s potential, Bravo emphasizes realistic cash flow projections. He notes the presence of established companies with strong balance sheets differentiates this era from the dot-com bubble, but their strategic investments may create market distortions. He advises investors to exercise caution and due diligence.

Dell Technologies’ shares rose 5% after unveiling increased long-term financial targets, driven by the burgeoning AI market. The company now projects annual revenue growth of 7-9% and diluted EPS growth of at least 15%, exceeding previous forecasts. Dell attributes this to strong demand for AI compute, storage, and networking solutions, emphasizing its end-to-end AI infrastructure offerings and strategic partnership with Nvidia. Dell anticipates shipping $20 billion in AI servers in fiscal 2026, serving clients like CoreWeave and xAI, highlighting its commitment to AI innovation.

VIP Play, Inc. CEO Les Ottolenghi will deliver the opening keynote at the Chief AI Officer Exchange, focusing on the crucial role of CAIOs in today’s AI-driven enterprise. His address will provide a blueprint for CAIOs to effectively translate AI complexities into actionable business strategy and build boardroom confidence. Ottolenghi will outline a framework for navigating AI development through 2030 and highlight essential responsibilities for CAIOs to drive adoption and establish trust. VIP Play’s participation underscores their commitment to AI-driven experiences and thought leadership in the sports entertainment sector.

Cerebras Systems, an AI chipmaker challenging Nvidia, has withdrawn its IPO plans despite recently securing $1.1 billion in funding. The company, valued at $8.1 billion, stated it “does not intend to conduct a proposed offering ‘at this time.'” While the initial IPO filing revealed a dependency on G42, it received CFIUS clearance. Cerebras has shifted towards a cloud-based service model for its Wafer Scale Engine. CEO Feldman believes the original prospectus is outdated due to the rapidly evolving AI landscape. Analysts suggest concerns over customer concentration and competition may have influenced the decision.

Speaking at Italian Tech Week 2025, Amazon founder Jeff Bezos cautioned that AI is currently operating within an “industrial bubble,” characterized by inflated valuations and a disconnect between stock prices and underlying business fundamentals. He drew parallels to past speculative investment periods. However, Bezos also emphasized the “real” transformative potential of AI, predicting significant societal benefits, similar to the biotech boom of the 1990s. His remarks echo concerns from other business leaders like OpenAI’s Sam Altman and Goldman Sachs CEO David Solomon about the sustainability of AI valuations.

While the US dominates AI funding, Europe sees potential in practical AI applications. European startups face challenges including conservative investors and market fragmentation but have advantages in talent acquisition. Companies like Mistral, Synthesia, and ElevenLabs (an AI voice generation startup) are building specialized AI solutions, some developing their own LLMs. The key to success lies in rapid iteration, securing capital, and fostering a more ambitious mindset among European entrepreneurs. Building independent AI infrastructure is also crucial.