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☆ Morgan Stanley says these 3 global stocks will be 'winners' in a world where data is king
▼ + stars: | 2023-10-12 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

The analysts see Relx and Wolters Kluwer benefiting from "clear opportunities" from generative artificial intelligence. Relx and Wolters Kluwer The bank raised its forecasts for Relx and Wolters Kluwer, giving both an overweight rating. Its price target for Wolters Kluwer is 142 euros ($150.59), or around 18% upside. They like Wolters Kluwer for its software business, which generates around 45% of its revenue. Morgan Stanley has a price target of £790 on the company – giving it an 8.5% upside from its Oct. 10 close.

Persons: Morgan Stanley, George Webb, Wolters, Relx, Morgan, — CNBC's Michael Bloom Organizations: Wolters Kluwer, Relx, Nasdaq, REL, Relx's, LexisNexis Locations: Europe, WKL

☆ Here are Thursday's biggest analyst calls: Target, First Solar, Ford, Netflix, Amazon, Spotify, Exxon Mobil and more
▼ + stars: | 2023-10-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Amazon as buy Goldman Sachs said it's standing by its buy rating ahead of earnings later this month. Citi reiterates Netflix as buy Citi said it's standing by its buy rating on the stock heading into earnings next week. Bank of America reiterates Ford as buy Bank of America said its standing by its buy rating on the stock despite the strike at Ford's largest truck plant. Bank of America upgrades Target to buy from neutral Bank of America said it sees an attractive risk/reward for Target shares. " RBC downgrades ResMed to sector perform from outperform RBC said in its downgrade of ResMed that it sees slowing earnings growth.

Persons: Warby Parker, BTIG, Goldman Sachs, Morgan Stanley, it's, JPMorgan, Bernstein, underperform Bernstein, CLX, Ford, Wells, Wells Fargo, Truist, it's bullish, D.A, Davidson Organizations: Citi, Netflix, 4Q23, Barclays, Spotify, Taiwan Semiconductor, JPMorgan, RBC, BMO, Bank of America, Ford's, UAW, Detroit, underperform Bank of America, 3Q, Microsoft, " Bank of America, of America, Exxon Mobil, Exxon, Pioneer, Seaport, Mizuho Locations: 2H24

☆ Ukraine claims to have invented a new radio that's immune to Russian jamming
▼ + stars: | 2023-10-11 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

Ukraine says it's devised a radio that's resistant to Russian radio jamming. According to Ukrainian media, the Himera radio has already reached the front lines. A Ukrainian Himera radio in images shared by Mykhaylo Fedorov on October 11, 2023. A Ukrainian team of engineers exhibited the Himera radio at an expo in London in September. Not quite echoing Fedorov's claim of total immunity to Russian radio jamming, the exhibit's notes say that the device has "a Low Probability of Detection, Low Probability of Interception, a high degree of data encryption, and protection against communication jamming."

Persons: it's, —, Mykhailo Fedorov, Fedorov, Mykhaylo Fedorov, Michael Peck Organizations: Service, Digital Transformation, Himera, Motorola, Royal United Services Institute Locations: Ukraine, Ukrainian, Russia, London, Russian

☆ Ukraine claims to have invented an 'invisibility cloak' to help its snipers and specialists evade detection from Russian troops
▼ + stars: | 2023-10-08 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Ukraine said it invented an "invisibility cloak" to help soldiers evade detection from thermal-imaging devices. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementUkraine claims to have invented an "invisibility cloak" to help its soldiers evade detection by Russian thermal-imaging cameras and drones. It will help our soldiers work effectively during the night," Fedorov wrote in an X, formerly known as Twitter, post. AdvertisementAdvertisementIt is not clear how or if the new Ukrainian jacket differs in any way.

Persons: —, Mykhailo Fedorov, Fedorov, Maxim Boryak, Boryak Organizations: Newsweek, Service, Russian, Digital Transformation, Twitter, NATO, Kyiv Post, Israeli Ministry of Defense, Polaris Solutions Locations: Ukraine, Ukrainian, Afghanistan, Israel

☆ Ukraine is using $100,000 octocopter drones to destroy Russian tanks and artillery worth millions, even in the dead of night, operator says
▼ + stars: | 2023-10-06 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

Ukraine has been using homemade $100,000 octocopter drones to destroy Russian tanks on the battlefield, an operator said. The R18 octocopters destroyed 10 Russian tanks in recent months, a drone pilot told CBS News. In the last month, a Ukrainian military unit "destroyed $40 million worth of Russian hardware," a commander said. One homemade octocopter runs for $100,000, but this weapon appears to be proving its worth, taking out far more expensive Russian tanks and artillery pieces, even in the dead of night, an operator said. In recent months, the Ukrainian military has also been using much cheaper, low-budget drones rigged with explosive devices, such as anti-tank rocket-propelled grenades, against Russian forces.

Persons: —, Vladimir Putin's, Sunset, Hasan, Mykhailo Fedorov, Fedorov Organizations: CBS News, Service, Eastern, Mechanized Brigade, Ukrainian, Russian, Ukraine's, Digital Locations: Ukraine, Ukrainian, Soviet

☆ Italy's Prysmian sees core profit rising 34% by 2027 under new strategy
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

This will help it increase its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to around 2 billion euros ($2.1 billion) in 2027, from 1.49 billion euros last year, Prysmian said in a statement. Milan-listed shares in the company were up 2.6% by 0730 GMT, among the best performers within Italy's blue chip basket (.FTMIB). "Prysmian is uniquely placed to benefit from the opportunities presented by the structural changes arising from the convergence of the energy transition and digital transformation," Chief Operating Officer Massimo Battaini said in a statement. Annual cash flow is seen growing to between 0.9 billion and 1 billion euros in 2027 from 559 million euros last year. "Targets to 2027 are ambitious and above our estimates," Equita analyst Luigi De Bellis said in a note.

Persons: Battaini, Battista, Prysmian, Massimo Battaini, Valerio Battista, Luigi De Bellis, Giulio Piovaccari, Gianluca Semeraro, Sonali Paul, Michael Perry Organizations: Company, Cable, Thomson Locations: MILAN, Netherlands, Milan

☆ A Barcelona market used 5G to power an AR personal-shopper experience, helping tourists and locals alike shop smarter
▼ + stars: | 2023-10-05 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +4 min

La Boqueria, a famed Spanish market, participated in a 5G trial that brought AR to shoppers. Remote shoppers could also see through the AR shoppers' goggles and get a taste for the market. AdvertisementAdvertisementTourists traipsing through La Boqueria, Barcelona's famed market on La Rambla, are presented with an array of amazing food and drink. In the La Boqueria project, that was down to less than 10 milliseconds, Aranda Legazpe said. The La Boqueria trial has concluded, but the technology worked — so technologists from Cellnex are now exploring other 5G-powered tools.

Persons: —, Cellnex, José Antonio Aranda Legazpe, Aranda Legazpe Organizations: Service, Spanish Ministry of Economic Affairs, Cellnex Telecom Locations: Spanish, La, Catalonia, Spain, France, Portugal

☆ As cloud tech powers the world's most popular sports leagues, everyone from executives and coaches to players and fans reap the benefits
▼ + stars: | 2023-10-05 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +12 min

Cloud technology has proved a powerful tool for sports organizations around the world. This article is part of "Build IT," a series about digital tech and innovation trends that are disrupting industries. Cloud data and services are accessible anytime and from any location. AWSShe said AWS clients such as the German professional football league Bundesliga used cloud tech for improving the fan experience. "Every single element of this needs cloud services, scale, flexibility, security, and interoperability, which is a very important aspect."

Persons: —, Julie Souza, Drew Crisp, " Crisp, Crisp, Derek Schiller, Paola Olivari, Olivari, Lionesses, Alex Greenwood, Katie Robinson, Lotte Wubben, Naomi Baker, they're, Brian Shield, Souza, Ross McGraw Organizations: Service, Web Services, Amazon Web Services, Bundesliga, AWS, NFL, Liverpool FC, Liverpool Football, Atlanta Braves, Payments, Global Payments, Google, Football Association, FA, Boston Red Sox, East Coast MLB, Amazon Prime, Technology Locations: Moy, St, George's, Fenway

☆ Cheap drones rigged with explosives have become the leading anti-tank weapon against Russian forces, Ukrainian commander says
▼ + stars: | 2023-10-04 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

Cheap drones rigged with explosives have become the "main" anti-tank weapon for Ukraine, an officer said. Ukrainian Senior Lt. Yuri Filatov told The Washington Post the drones have been destroying Russian tanks. AdvertisementAdvertisementCheap drones rigged with explosive devices have become extremely prominent and have emerged as the leading anti-tank weapon for the Ukrainian military in Russia's war against it. "We're seeing FPV drones strike a very precise spot, which before was really the domain of very expensive, high precision guided weapons. "You almost never know where an FPV drone is coming from," said Bendett.

Persons: Yuri Filatov, —, Filatov, They're, Samuel Bendett, Swift, Mykhailo Fedorov Organizations: Washington Post, Service, Washington, Russian, Assault Brigade, Center for Naval, Post, Ukraine, Ukraine's, Digital, Associated Press Locations: Ukraine, Ukrainian, Senior, Ukraine's, Moscow, Russia

☆ Ukraine is ramping up its drone attacks on Russian forces, hitting a record 220 targets last week, official says
▼ + stars: | 2023-10-02 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

Ukraine's "army of drones" is ramping up its attacks on Russian positions, a Ukrainian official said. Mykhailo Fedorov said drones hit a record 220 pieces of Russian military equipment last week. AdvertisementAdvertisementUkraine's "army of drones" has ramped up its attacks on Russian positions, hitting a record number of Russian tanks, trucks, and artillery last week, a Ukrainian official said. Last week, he posted data claiming that Ukrainian drones hit 205 pieces of Russian military equipment between September 18 and September 25. The Associated Press reported late last month that a 12-person Ukrainian drone squad claimed to have destroyed $80 million of Russian military hardware.

Persons: Mykhailo Fedorov, —, Fedorov Organizations: Service, Ukraine's, Digital Transformation, Drones, Ukraine's Army, Associated Press, AP Locations: Ukrainian, Ukraine, Russia

☆ Tanks and troops out in the open in Ukraine can't go 10 minutes without being spotted and fired upon, Ukrainian official says
▼ + stars: | 2023-09-28 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Tanks and troops out in the open can now be spotted in five minutes, a Ukrainian official said. Vadym Skibitsky told The Wall Street Journal that they can be hit in a further three minutes. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementRussia and Ukraine are both deploying thousands of drones on the battlefield, and are using cheap drones to target each other's forces.

Persons: Vadym Skibitsky, —, Maj, Ukraine's, Skibitsky, Bradley Crawford, Mykhailo Fedorov Organizations: Wall Street Journal, Service, Wall Street, US Army, Ukraine's, Digital Transformation, Royal United Services Institute, Ukraine, Washington Post Locations: Ukraine, Russia, Iraq

The night-time assault is part of a coordinated Ukrainian offensive push near the beleaguered eastern Ukrainian city of Bakhmut, to which CNN obtained exclusive access. “Sometimes there are a lot of them,” Groove says, searching the area with his drone, trying to scope out Russian forces. They chase a few Russian vehicles, dropping bombs on them as they go. Ukrainian drone pilots are able to see their targets through their controllers, even at night, with the help of night vision. German-made Leopard 2 tanks, American Bradley infantry fighting vehicles among others were sent to the area to support Ukrainian forces as they stormed Russian positions.

Persons: They’ve, ”, “, ” Ukraine’s, Mykhailo Fedorov, ‘ Flint ’, Wagner Organizations: Eastern, Eastern Ukraine CNN —, CNN, Ministry for Digital Transformation, Digital Transformation, Russia, “, US, American Bradley, Southern Locations: Eastern Ukraine, Ukrainian, Bakhmut, Kyiv, Russian, Ukraine, zeroing, East Kyiv, Melitopol, Berdiansk, American, Crimea, South, “, Russia

☆ A Ukrainian drone took out two Russian tanks and a piece of artillery in a single night, Ukraine says
▼ + stars: | 2023-09-26 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

One drone blew up $7 million of Russian military gear in a single night, a Ukrainian official said. Ukraine has relied heavily on drones to target Russian tanks and other key military assets. AdvertisementAdvertisementUkraine said it destroyed more than $7 million of Russian military equipment in a single night, using just one drone. Fedorov said in another post that Ukrainian drone attacks took out "a record" 205 pieces of Russian military hardware last week, including 64 cannons, 27 tanks, and 55 trucks. One 12-man Ukrainian drone team claimed this month to have destroyed $80 million of Russian military equipment, according to a report by the Associated Press.

Persons: —, Mykhailo Fedorov, Fedorov, " Fedorov Organizations: Service, Digital Transformation, Twitter, Army, Drones, Ukraine's, Assault Brigade, Associated Press, Washington Post Locations: Ukraine, Ukrainian, Kyiv, Russian, Crimea, Russia

☆ Ukraine's 'army of drones' are bombarding Putin's forces, hitting a record 205 pieces of Russian military equipment last week, official says
▼ + stars: | 2023-09-25 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

Ukraine's "army of drones" is bombarding Russia on the battlefield, a Ukrainian official said. In the last week, Ukrainian drones hit a record 205 pieces of Russian military equipment. "Russians keep losing their equipment," said Ukraine's minister for digital transformation. "Our soldiers keep moving forward & Russians keep losing their equipment," Federov said in a tweet on Monday. According to data shared by Federov, Ukraine's drone fleet destroyed 64 Russian cannons, 27 tanks, 55 trucks, and 38 armored combat vehicles last week alone.

Persons: Vladimir Putin's, Mykhailo Federov, Federov Organizations: Service, Digital, Russian, Associated Press, AP Locations: Russia, Wall, Silicon, Russian, Ukrainian, Ukraine, Kyiv

☆ An elite 12-member Ukrainian drone squad made up of ex-businessmen and filmmakers have already destroyed $80 million worth of Russian military equipment
▼ + stars: | 2023-09-25 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

The team's leader estimated it has destroyed $80 million worth of Russian equipment, AP reported. In the last week, Ukrainian drones hit a record 205 pieces of Russian military equipment. Pharmacist estimated that his team — made up of former engineers, corporate managers, and cinematographers and assembled with $700,000 — has already destroyed $80 million worth of Russian military equipment using Ukrainian drones, according to the AP. AdvertisementAdvertisementExploding drones, Pharmacist explained, are much cheaper to make than conventional munitions. "Our soldiers keep moving forward & Russians keep losing their equipment," Fedorov said.

Persons: —, Vladimir Putin's, Mykhailo Fedorov, " Fedorov, Fedorov Organizations: AP, Service, The Associated Press, Ukraine's, Digital Locations: Ukrainian, Russia, Ukraine

☆ A fund manager at a $250 billion firm that aims to capture megatrends shares the top 10 stocks pulled from its 12 strategies
▼ + stars: | 2023-09-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Gertjan van der Geer, a senior investment manager at the firm, describes megatrends as large social, economic, political, environmental, or technological transformations that significantly impact the economy, society, cultures, or businesses. Additionally, five criteria must be met before Pictet creates a thematic fund, van der Geer said. When it comes down to picking the right basket of stocks, van der Geer noted that a company's fundamentals are key. And there are a few things that we are looking for in these companies," van der Geer said. And one of the key ways to improve our CO2 footprint globally is to reduce the unnecessary pollution," van der Geer said.

Persons: they're, Gertjan van der Geer, Pictet, van der Geer, It's, Van der Geer Organizations: Microsoft, Apple, Pictet, Management, Premium Brands, Security, Health, Schneider, Clean Energy, Nordisk, Asml, Roper Technologies, Kla Corp, Republic Services Locations: megatrends

☆ The Apple-Disney deal that could actually happen
▼ + stars: | 2023-09-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

And Apple has long been seen by some analysts as the most obvious acquirer of all or part of Disney. Iger said he considers the studio, streaming, and parks businesses (where the company recently set plans to invest $60 billion over the next decade) to have the most value. It would be hard to imagine operating the parks or streaming businesses without owning the popular franchises that fuel them. Ives envisions a deal where Apple pays for exclusive access to ESPN content and game broadcasts, with an acquisition following down the road. I believe it's a matter of not if, but when Apple buys ESPN."

Persons: Bob Iger, Steve Jobs, Tim Cook, Biden, that's, Gregg Abella, Iger, David Rogers, Apple, it's, Dan Ives, Cook, Ives Organizations: Disney, ABC, FX, Geographic, ESPN, Apple, Pixar, Jobs, Apple's, Investment Partners, Management, Star, Marvel, Columbia University, Verizon, MLS, Messi, Insider, Wedbush Securities, Google

☆ CarMax just promoted a longtime employee to CMO. She tells Insider how she went from search analyst to marketing chief.
▼ + stars: | 2023-09-21 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

CarMax just promoted its long-time employee and VP of marketing Sarah Lane to the role of CMO and SVP. Lane started as a search analyst at the company at the age of 22 and in the early aughts, when the company was in only a handful of markets. "We haven't permeated culture in the way that brands today want to and need to, to have that lasting legacy," Lane told Insider. I want to be the only place to consider when you buy a used car." She's also monitoring the United Auto Workers strikes to figure out how they could potentially drive more demand to the used car market.

Persons: CarMax, Sarah Lane, Lane, Jim Lyski, Candace Parker, Sue Bird, Steph Curry, Usain Bolt —, we've, Joseph Kunkel Organizations: Automotive News, Circuit, National Women's Soccer League, WNBA, United Auto Workers, CMO Locations: CarMax

☆ Here are Wednesday's biggest analyst calls: Apple, IBM, Disney, Amazon, Instacart, Nike, Boeing and more
▼ + stars: | 2023-09-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Apple as overweight Morgan Stanley said its iPhone survey checks show that China is a "bright spot." Needham initiates On Holding as buy Needham said the shoe manufacturer is one of the "fastest growth stories" in retail. Needham initiates Lululemon as buy Needham said in its initiation of Lululemon that it has "superior growth characteristics." Morgan Stanley downgrades Zebra Holdings to underweight from equal weight Morgan Stanley said the turnaround is taking longer than expected for the computer printing tech company. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said Amazon's Tuesday announcement of seasonal hires is a "bullish leading indicator for expected continued retail share gains."

Persons: Morgan Stanley, Apple, Needham, Lululemon, Oppenheimer, Chewy, Bernstein, SVB, Jefferies, Instacart, Rosenblatt, Sonos, Goldman Sachs, Morgan Stanley downgrades nCino, it's, D.A, Davidson, Wedbush Organizations: Apple, UBS, Nike, Microsoft, RBC, IBM, JPMorgan downgrades, JPMorgan, Boeing, Citi, Citizens, FDIC, Health, America, Azul, Holdings, UW, " Bank of America, Disney, Bank of America, DIS Locations: China, SVB, U.S, Germany, Great Britain, France

☆ RBC says this large tech stock is undervalued and can jump nearly 30%
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to buy International Business Machines as it's undervalued, according to RBC Capital Markets. Analyst Matthew Swanson initiated coverage of IBM with an outperform rating, saying the value of the tech company's software business specifically is being overlooked by investors. He expects IBM can carve out its own niche in artificial intelligence as it has in hybrid cloud enablement. "We feel the company's software business is misunderstood, and undervalued, particularly its role in hybrid environments, AI and spend optimization," he added. IBM 1D mountain IBM shares 1-day IBM can support businesses in their A.I.

Persons: Matthew Swanson, Swanson, — CNBC's Michael Bloom Organizations: Machines, RBC Capital Markets, IBM

☆ Ukrainian minister vows more drones for strikes on Russian warships
▼ + stars: | 2023-09-16 | by ( Max Hunder | ) www.reuters.com time to read: +3 min

Mykhailo Fedorov, Vice Prime Minister and Minister of Digital Transformation of Ukraine attends a news conference at the Web Summit, Europe's largest technology conference, in Lisbon, Portugal, November 3, 2022. “There will be more drones, more attacks, and fewer Russian ships. That’s for sure,” Digital Transformation minister Mykhailo Fedorov said in an interview on Friday, answering a question about recent attacks near Crimea. This week, Ukraine has made several attacks using sea drones and missiles on Russia’s Black Sea naval fleet in and around the Crimean peninsula, which was annexed from Ukraine by Russia in 2014. Russia has acknowledged a Ukrainian missile attack that damaged a warship and a submarine this week, but says it has repelled all sea drone attacks.

Persons: Mykhailo Fedorov, Pedro Nunes, Fedorov, “, Max Hunder, Mark Potter Organizations: Digital Transformation, Web, REUTERS, Reuters, Thomson Locations: Ukraine, Lisbon, Portugal, KYIV, Ukrainian, Crimea, Russia

☆ There's one Wall Street investment bank that's not buying the AI hype
▼ + stars: | 2023-09-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Excitement around artificial intelligence is leading many investors to snatch up shares of potential winners in 2023. But not everyone on Wall Street is buying up the near-term hype. Even so, Bersey called Snowflake "well placed" for AI due to its data warehousing business needed for deploying large sets of data. This necessity should also benefit shares of Oracle, along with its cloud-based enterprise software segments, necessary for automating business needs. While the AI tailwinds may take longer to play out, Bersey does see some shorter-term macro trends that should benefit the sector.

Persons: Stephen Bersey, Bersey, — CNBC's Michael Bloom Organizations: HSBC, Wall, Nasdaq, Oracle, Software

☆ Technology is transforming the way family enterprises think about the future
▼ + stars: | 2023-09-14 | by ( Sponsor Post | Created Insider Studios With Deloitte | ) www.businessinsider.com time to read: +8 min

Family enterprises have historically focused on legacy, pride in what they built, and passing down success through generations. This nimble structure gives family enterprises an advantage in adopting new innovations when the leadership sees or endorses the potential benefits. With passion for their legacy and proper planning, family enterprises can set themselves up for success far into the future. But as anyone who's been involved in running a family business or family office will know, emotions can run high among relatives. Click here to learn more about how Deloitte Private can help thriving family enterprises transform ideas into action.

Persons: Adrian Batty, they've, Batty, they're, who's, " Batty Organizations: Deloitte, Family Enterprise, Deloitte Private, America, Insider Studios Locations: Australia

☆ Cash in or lose out: Banks are turning to AI, cloud computing, and Web3 to gain competitive advantage and customer loyalty
▼ + stars: | 2023-09-05 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +11 min

AI and cloud tech are giving some banks an edge over competitors and enticing brand loyalty. Traditional banks that ignore this reality risk losing loyal customers to digital banks that have emerged over the past few years, research suggests. Digital transformation is a must for banksWith online banking now the norm, digital transformation is no longer optional for banks. Legacy banking systems were not designed to provide the banking experience that people expect today," she said. As a result, banking customers and employees can view transactions in real time and deliver "a more seamless and personalized experience" for all stakeholders, she added.

Persons: Banks, Victoria Newton, Newton, Laura Merling, Merling, Jay Venkateswaran, WNS, Eno, Goldman Sachs, Nigel Vaz, Publicis, Publicis Sapient Nigel Vaz, Venkateswaran, Vaz, James Whybrow Organizations: Service, Starling Bank, Arvest Bank, Banking, Capital One, Microsoft, Bank of America, Amazon Web Services, Google, Economist Intelligence Unit, Arvest, Software AG, Software Locations: Wall, Silicon, It's, Starling, WNS, Morgan

☆ How private equity giants like Apollo and EQT are using the cloud to improve dealmaking, boost portfolio companies, and tap into AI
▼ + stars: | 2023-09-05 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Here's how Apollo and EQT use Google Cloud to improve themselves and their portfolio companies. The cloud represents big cost savings and efficiency gains among portfolio companies; for example, buyout firm THL migrated one of its portfolio companies to the cloud to save 50% on annual IT infrastructure costs. PE firms benefit from having their data — and their portfolio companies' data — in one place to gain better business insights and check out opportunities. Using cloud to improve portfolio companies and investment firms themselvesBoosting employee productivity with the cloud and AI is top of mind for Apollo's Mahidhar. Google Cloud's tech talent has also helped Swedish PE giant EQT speed up cloud projects among portfolio companies.

Persons: Vikram Mahidhar, THL, Mahidhar, Carl, Magnus Hallberg, execs, Adaire Fox, Martin, Hallberg, Apollo's Mahidhar, it's, —, Zac Maufe, Maufe, it'll, Fox Organizations: Apollo Global Management, Apollo, Google, KKR Locations: EQT, Swedish

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