News – Page 74

Wajax Corporation Announces CEO Succession Plan for 2026 Transition

Wajax Corporation has announced the initiation of a CEO succession process, with current President and CEO Iggy Domagalski continuing leadership during the transition. The board aims to identify a new CEO with experience aligned with Wajax’s next growth phase, with the search expected to conclude in early 2026.

Wajax Corporation Begins Leadership Transition Process

Canadian industrial products company Wajax Corporation has reportedly initiated a CEO succession process, according to company announcements. Sources indicate that current President and CEO Iggy Domagalski will continue leading the organization throughout the transition period, ensuring what analysts suggest will be a seamless handover of responsibilities.

by Megan CarterOctober 16, 2025

Economy and Trading Policy

UK Chancellor Faces £22bn Fiscal Shortfall as IFS Warns Against “Scrabble Bag” Approach

Chancellor Rachel Reeves must address a £22bn shortfall in UK public finances, according to Institute for Fiscal Studies forecasts. The analysis suggests significant tax increases or spending cuts will be needed to meet fiscal targets, with experts warning against relying on smaller measures.

Substantial Fiscal Challenge Emerges Ahead of Budget

Chancellor Rachel Reeves faces a significant £22bn hole in UK public finances that must be addressed in next month’s Budget, according to analysis from the influential Institute for Fiscal Studies. The think-tank’s forecasts indicate that without new tax increases or spending cuts, borrowing in 2029-2030 could be approximately £22bn higher than previously projected by the Office for Budget Responsibility.

by Tyler Brooks P.EOctober 16, 2025

International Business and Trade Policy

US Treasury Warns China Export Controls Could Force Global Decoupling, Trade Tensions Escalate

US Treasury Secretary Scott Bessent has warned that China’s sweeping new export controls on rare earths and critical minerals could force the world to decouple from Chinese supply chains. The warning comes as Beijing implements licensing requirements that could significantly impact global industries dependent on these strategic materials.

US Officials Warn of Forced Decoupling Over China Export Controls

US Treasury Secretary Scott Bessent has issued a stark warning to Beijing that its new sweeping export controls on rare earth elements and critical minerals could force the world to decouple from China, according to reports from the FirstFT newsletter. Bessent delivered the warning alongside US Trade Representative Jamieson Greer at a news conference, where he stated that “if China wants to be an unreliable partner to the world, then the world will have to decouple.”

by Ethan Reynolds PhDOctober 16, 2025

Arts and Entertainment Business

EY Reports 4% Revenue Growth as AI Consulting Offsets Deal Slowdown

EY has reported 4% annual revenue growth to $53.2 billion, with artificial intelligence consulting showing strong performance. The firm’s strategy and deal advisory business contracted amid global economic uncertainty, according to the financial report.

EY Posts Modest Revenue Growth Amid Shifting Business Landscape

Professional services firm EY has reported a 4% increase in annual global revenue, reaching $53.2 billion for the year ending June 2024, according to the company’s financial announcement. The growth reportedly came as artificial intelligence consulting work helped offset declines in the firm’s strategy and deal advisory segments.

by Megan CarterOctober 16, 2025

Arts and Entertainment Assistive Technology Healthcare

UChicago Medicine Deploys AI Agents to Transform Patient Access and Call Center Operations

UChicago Medicine is deploying AI agents to manage routine patient inquiries, potentially handling more than half of their 3 million annual calls. The health system aims to transform patient experience while freeing human agents for complex cases requiring empathy and judgment.

Healthcare System Implements AI for Patient Access Transformation

UChicago Medicine is implementing artificial intelligence agents to revolutionize how patients access healthcare services, according to reports from the Salesforce Dreamforce 2025 event. The health system, which fields more than 3 million calls annually, plans to deploy AI for routine inquiries while reserving human agents for situations requiring greater empathy and judgment.

by Ethan Reynolds PhDOctober 16, 2025

Assistive Technology Automobility

Waymo Selects London for European Robotaxi Launch in 2026 Expansion

Alphabet’s Waymo will bring its fully autonomous robotaxi service to London in 2026, establishing its first European foothold. The expansion comes as the company scales operations across multiple U.S. cities and partners with mobility fintech firm Moove for fleet management.

Waymo’s European Expansion Strategy

Waymo, the autonomous vehicle subsidiary of Alphabet, will launch its first European robotaxi service in London sometime in 2026, according to reports from the company. Sources indicate the California-based company plans to operate a fleet of electric Jaguar I-PACE SUVs without human backup drivers, marking a significant milestone in its global expansion strategy.

by Tyler Brooks P.EOctober 16, 2025

Assistive Technology Business

BlackRock, Nvidia-Backed Consortium Acquires Aligned Data Centers in $40 Billion AI Infrastructure Deal

An investor consortium including BlackRock, Microsoft, and Nvidia has purchased Aligned Data Centers in a landmark $40 billion transaction. The deal represents the first major acquisition for the AI Infrastructure Partnership formed last year to secure computing resources for artificial intelligence development.

Major AI Infrastructure Acquisition

An investor group backed by financial and technology giants including BlackRock, Microsoft, and Nvidia has acquired Aligned Data Centers in a massive $40 billion deal, according to reports confirmed Wednesday. The transaction represents one of the largest infrastructure purchases in the data center industry’s history and signals intense competition for computing resources to power artificial intelligence systems.

by Tyler Brooks P.EOctober 16, 2025

Arts and Entertainment Gaming Hardware

Intel Enters AI GPU Arena With 160GB Xe3P Crescent Island Graphics Card

Intel has unveiled its Xe3P architecture-based Crescent Island graphics card featuring 160GB of VRAM specifically optimized for AI inference workloads. The new GPU, reportedly set for release in late 2026, enters an increasingly competitive AI hardware landscape where Nvidia and AMD are also preparing next-generation offerings. Industry analysts suggest this could reshape the AI infrastructure market currently dominated by Nvidia solutions.

Intel Challenges AI Hardware Status Quo

According to recent reports, Intel has announced its next-generation Crescent Island inference-optimized GPU based on the Xe3P architecture, marking a significant entry into the competitive AI hardware space. Sources indicate this new graphics card will feature up to 160GB of VRAM and is specifically designed to accelerate AI inferencing workloads, potentially challenging Nvidia’s current dominance in the sector.

by Tyler Brooks P.EOctober 16, 2025