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331

The Middle East’s Economic Transformation: A Real Decoupling or Persistent Uncertainty?

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The long-sought-after growth of strong non-oil economies, the eventual weaning of these pivotal Middle East countries from subservience to the price of oil is happening now and happening quickly. And should a trade war break out between the U.S. and the European Union (EU) or the U.S. and China, Saudi Arabia and the UAE — and the rest of the Middle East economies — will suffer. A production surge by the world’s largest oil producer — the U.S. — would further dampen oil prices, constraining Middle East governments’ budgets. Not everything is perfect, but certainly the big picture looks promising: Non-oil economies in oil-led countries have shown persistent, seemingly lasting growth.

332

New IT Services Vertical Revenue Data Shows TCS’ Public Sector Surge and Market Shifts

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Learn about TBR’s new IT Services Vertical Revenue Data Excel file. This proprietary data stream, in conjunction with our qualitative analysis of these firms, including their partners and how they operate, offers unprecedented intelligence on which companies are growing or maintaining their revenue or experiencing declines within industry verticals and allows for partner adjustments and competitive maneuvering.

334

Snowflake’s AI Evolution: Scaling Innovation with a Data-first Strategy 

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Snowflake’s evolution reflects its commitment to advancing AI through a data-first approach. By addressing the complexities of modern data ecosystems and aligning its platform with emerging AI trends, Snowflake has established itself as a key player in the AI landscape. This strategic focus not only drives digital transformation but also shapes the competitive dynamics of the market, impacting partners, competitors and technology providers.

335

Fujitsu Expands Kozuchi AI Platform and Strengthens Partnerships to Drive Digital Transformation

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Fujitsu’s investments in Fujitsu Kozuchi have equipped the company well to appeal to clients’ needs around the technology, providing opportunities to supply analytics with associated text, vision and trust in support of business operations. While AI technology evolves rapidly to include new capabilities, Fujitsu’s approach to developing the platform and leveraging partners and internal capabilities gives it an advantage in offering a wider set of services.

338

KPMG Shifts Focus to Legal Services and AI-driven Strategy Consulting 

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Earlier in January news reports surfaced that a subsidiary of KPMG, KPMG Law US, had applied to operate in Arizona under a state program allowing nonlawyers to operate law firms and provide legal services in the state. KPMG is leaning toward legal services and AI-infused strategy consulting offerings to bolster sales as the firm navigates choppy market conditions within core deal advisory.

339

The Stargate Project: A Manhattan Project for the AI era

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Being the largest single technology endeavor in recent history, the Stargate Project will have a notable influence on the budding AI market, and in TBR’s opinion, no company stands to benefit more than OpenAI. OpenAI’s ultimate goal is to reach AGI, which the company defines as “highly autonomous systems that outperform humans at most economically valuable work.” While estimates about when OpenAI will reach this goal vary widely, the Stargate Project fulfills a critical requirement in the pursuit of AGI, making OpenAI a top contender to reach AGI before other firms.

340

Infosys’ Future: Scaling GenAI and SLM Innovation to Drive Growth and Stakeholder Trust

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Developing a client-ready AI-first portfolio is not a strategy unique to Infosys, but keeping pace with the rapidly evolving generative AI (GenAI) market highlights the company’s appetite for innovation and helps it strengthen stakeholder trust. Over the past 24 months, a large portion of vendor-client discussions focused on experimenting with developing and running large language models (LLMs), often fed with either public or nonessential data. Growing adoption of the technology has introduced the need for developing SLMs that are either function or industry specific.