Is the US in a recession? Are businesses pulling back on transformation projects for fear of who wins the White House? And speaking of the White House, what ...
Is the US in a recession? Are businesses pulling back on transformation projects for fear of who wins the White House ? And speaking of the White House , what is the aftermath internationally for businesses after a brutal election season cycle? Yahoo Finance Executive Editor) on the state of the world economy, especially in the United States with recession fears swirling. Kumar is also no stranger to the power of artificial intelligence.
Uh And I could use A I to accelerate the change in understanding DNA of uh human humans so that we could better control diseases. Because in technology services, if you can reduce the cost of technology deployment, you can actually get more technology to be consumed by enterprises. There are only 25 million it professionals across the world, there are only 25 million I developers across the world.I'm sure you're watching uh the election season.
So uh I mean, it is such a big transformational driver that uh in spite of the geopolitical challenges around the world, the change is very promising and I'm hoping that change will trigger uh you know, it will, it will, you know, the, the the uh the need of A I to the world to increase productivity.Uh And productivity is needed for economic prosperity and for social mobility.
Uh The the foundation of the American dream is all about attracting the right talent and allowing the country's environment to create that upward mobility so that you could explore the opportunities, irrespective of where you come from, irrespective of your background.Now, the way I also see it is as much as there is talent globally which the United States has to attract in some form.I mean, the US has some extraordinary universities.
Really, I think a global tech company driving a lot of transformation, of course, a player in A I, let's talk about that A I, how disruptive is this technology going to be uh here at Yahoo Finance where we have d dove into what it may mean for chip space, what it might mean to jobs?You know the way, the way it is today, uh The value is at the back end of the A I value A I ecosystem that value will diffuse across the chain.
I mean for the first time in the computing history, in the arc of computing history, humans are not trying to understand computers, computers are trying to understand you.So I never, I never really actually flip it around like it's a flip around.And therefore I say it's a sharp curve. So the pivot to this technology, you know, there was a scientist called Alan Turing who basically spoke about how machines should be made as powerful as humans.Machines should be made as powerful to amplify the potential of humans.
Do you see instant stuff like your business of cognizant is going to pick up and you're gonna have a uh build more momentum into next year. The the markets have become more viral when you see a day when the dow loses over 1000 points, tech stocks come down a lot.Are you concerned by what we're seeing with tech stocks selling off?
Sure aerospace spend has gone up since COVID and the buyer is a product engineering team and not as much uh the CIO. Uh So I would if, if you have to describe what keeps me running is relentless, being relentless and that's what I said.Nvidia stock paces towards weekly loss as Wall Street see 'urgent demand' keeping the chip trade intact
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