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Moderate IT budget increases have CIOs shaping 2025 strategies to suit

CIO Business Intelligence

More than nine in 10 IT decision-makers project their budgets will increase in 2025, according to the Forrester 2025 Budget Planning Guide for Technology Executives. That spectrum of budget adjustments is being met by a range of strategies by IT leaders seeking to make the most of their 2025 IT spend.

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AI-native software engineering may be closer than developers think

CIO Business Intelligence

Organizations and vendors are already rolling out AI coding agents that enable developers to fully automate or offload many tasks, with more pilot programs and proofs-of-concept likely to be launched in 2025, says Philip Walsh, senior principal analyst in Gartner’s software engineering practice. Some companies are already on the bandwagon.

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Small launch startup Astra to go public at $2.1 billion valuation

The Verge

The company has 50 customer launches lined up, and over $150 million of contracted launch revenue so far. Now, Astra is merging with special purpose acquisition company (or SPAC ) Holicity Inc. to take its launch business public in a deal that would value Astra at $2.1

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Seattle startup Live Aware raises $4.8M for new AI-powered game developer feedback system

GeekWire

(Live Aware Labs Image) The other co-founders at Live Aware are head of product Nathan Wheeler , a former Seattle teacher who went on to work at the Seattle indie studio very very spaceship , and CTO Dave Berger , the co-founder and former engineering director of Microsoft subsidiary 343 Industries (now Halo Studios ).

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Seattle-area longevity company emerges from three startups, plans to go public via SPAC

GeekWire

Longevity’s management team pulls its chief technology officer, Francesco Curra , from Cerevast and its chief operating officer, Anthony Lee, from NovoKera. Longevity hired Brenda Sparks , previously the corporate controller at Cancer Prevention Pharmaceuticals, as chief financial officer.

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Is the gen AI bubble due to burst? CIOs face rethink ahead

CIO Business Intelligence

Gartner also recently predicted that 30% of current gen AI projects will be abandoned after proof-of-concept by 2025. Operating profit gains from AI doubled to nearly 5% between 2022 and 2023, with the figure expected to reach 10% by 2025, she adds. What comes up must come down.”

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Thinking of building your own AI agents? Don’t do it, advisors say

CIO Business Intelligence

Analyst firm Forrester named AI agents as one of its top 10 emerging technologies this year, but it has a warning for companies focused on adopting them: Don’t go it alone. Three-quarters of the organizations that try to build AI agents in house will fail, according to Forrester’s 2025 predictions for AI. Kumar adds.