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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. This applies to his IT group as well, specifically, in using AI to automate the review of customer contracts, Nardecchia says. CAGR through 2026, Fernandez notes.

Budget 145
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Uncommon Thinkers: MagniX CTO Riona Armesmith geeks out over electric aviation

GeekWire

MagniX’s chief technology officer, Riona Armesmith, works on electric propulsion systems like the one in the background at the company’s headquarters in Everett, Wash. That milestone mission kicked off a test campaign that’s expected to lead to certification in the 2025-2026 time frame.