Cognizant Downplays AI Threat

/in /tarafından

Cognizant’s leadership has said concerns that emerging artificial intelligence tools could replace large IT services firms are overstated.

Executives noted that while advanced systems are transforming workflows, organizations still require expertise to implement, integrate, and manage these technologies effectively. The complexity of deploying AI within enterprise environments continues to create demand for specialized services.

Industry discussions have highlighted potential disruption from newer AI-driven solutions. However, Cognizant emphasized that businesses typically need structured support to scale and govern these systems rather than relying solely on automated tools.

The company expects continued growth as clients expand adoption of AI across operational processes. Leadership indicated that technological change may reshape roles but is unlikely to eliminate the need for service providers in the near term.

The perspective aligns with broader views in the IT sector that artificial intelligence is more likely to drive transformation than displacement.

Schneider Gains on Data Demand

/in /tarafından

Schneider Electric reported stronger-than-expected earnings, supported by rising demand for data center infrastructure.

The company, which provides critical systems such as cooling solutions and power management equipment, has benefited from increased investment in digital infrastructure. Data centers and related networks now account for a significant share of its order intake.

Growth has been driven primarily by demand in North America, with additional momentum emerging across parts of Europe. The expansion of AI-related computing capacity has intensified the need for reliable energy and operational systems.

Quarterly revenue showed solid organic growth, while full-year core earnings exceeded market expectations despite currency headwinds.

Looking ahead, the company outlined moderate growth projections, which analysts viewed as cautious given ongoing demand trends in digital infrastructure.

Leadership changes were also announced, with a new chief financial officer set to assume the role in April.

The results reflect continued momentum in sectors tied to large-scale computing and energy-efficient infrastructure.

Telekom Criticises EU Reforms

/in /tarafından

Deutsche Telekom’s leadership has voiced concerns over the European Union’s proposed overhaul of telecommunications regulations, arguing that the changes do not go far enough in reducing regulatory burdens.

Executives stated that the planned reforms introduce additional requirements rather than delivering meaningful deregulation. While the proposal includes measures to extend the duration of radio spectrum usage—seen as beneficial for investment planning—it stops short of introducing new financial obligations for large digital platforms that generate significant network traffic.

Telecom operators have long advocated for mechanisms requiring major technology companies to contribute to infrastructure costs. Instead, the EU has proposed a voluntary cooperation approach.

Company representatives expressed uncertainty over how effectively the reforms will address industry priorities, emphasizing the need for clearer policies that encourage long-term network development.

The discussion reflects ongoing tensions between telecom providers and policymakers as Europe seeks to balance investment incentives with regulatory oversight in its digital infrastructure strategy.