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The new CFO: How AI has changed the game for chief financial officers

CIO Business Intelligence

Now, it’s time to pay for it, and that’s putting a spotlight squarely on the chief financial officer (CFO), who has increasingly become the gatekeeper deciding which projects get funded and how significantly AI will play a role in enterprise strategy. For the CFOs at the center of that transformation, the stakes are higher than ever.

Financial 105
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Microsoft unveils new sustainability steps in effort to remove all carbon produced in company history

GeekWire

Microsoft President Brad Smith, Chief Financial Officer Amy Hood, and CEO Satya Nadella preparing to announce Microsoft’s plan to be carbon negative by 2030. Nike, Starbucks, Unilever, and Wipro — to create Transform to Net Zero, a coalition dedicated toward creating a net-zero carbon economy. Brian Smale / Microsoft Photo).

Microsoft 145
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Gates Foundation gives millions to help persuade ultra-wealthy donors to give more of their billions

GeekWire

In October 2020, The Bill and Melinda Gates Foundation gave $5 million to the TED Foundation’s Audacious Project to “research and overcome barriers to large scale giving by ultra-high net worth donors.”. A lot of ultra-high net worth people are still in the act of running their businesses,” says Cecilia Conrad, CEO of Lever for Change.

.Net 140
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Jeff Bezos says no thanks to Bernie Sanders’ request to testify on income inequality

GeekWire

Amazon founder Jeff Bezos will not testify at a Senate Budget Committee hearing on income inequality next week — a decision that comes hours after Senator Bernie Sanders of Vermont invited the billionaire to share his thoughts on the matter, reports CNBC. ” The hearing is slated for March 17.

.Net 139
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Seattle genomics startup Variant Bio signs deal with Novo Nordisk worth up to $50M

GeekWire

” Integral to Variant’s work is a benefit-sharing program that provides communities with financial support and access to potential health treatments in compensation for the use of their genomic information.

Study 117
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Value stream management (VSM) delivered $81M in savings

CIO Business Intelligence

In fact, VSM has been shown to deliver significant organizational benefits and quantifiable, financial ROI. In November 2023, Forrester Consulting conducted a Total Economic Impact™ (TEI) study, commissioned by Broadcom, which found organizations using ValueOps, a dedicated VSM solution, can realize significant financial benefits.

Study 133
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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO Business Intelligence

Upskilling existing staff to manage AI technologies requires significant time and financial investment. One of the main difficulties is calculating ROI to convince CFOs to approve budgets, and this challenge is also present when considering AI adoption, according to Abhishek Gupta, CIO of Dish TV.

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