Workday CEO calls AI-led software selloff narrative ‘overblown’

Workday CEO calls AI-led software selloff narrative ‘overblown’

Workday CEO Carl Eschenbach on Thursday tried to ease worries that artificial intelligence is destroying software business models. “It’s an overblown narrative, and it’s not true,” he told CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland, calling AI a tailwind and “absolutely not a headwind” for the company. Software stocks have sold…

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Ubisoft shares plummet after Assassin’s Creed maker cancels six games

Ubisoft shares plummet after Assassin’s Creed maker cancels six games

Ubisoft shares plunged 33% on Thursday morning after the maker of the “Assassin’s Creed” games announced a major organisational shakeup, alongside plans to shut studios and axe six games. The changes come following years of stock price decline, following the Covid-19 pandemic, after delays to major releases and financial struggles. The company said it expected…

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