AGP Executive Report
Last update: 7 hours agoAI & Costs: EY’s AI leader Dan Diasio warns companies can’t rely on AI for pure cost-cutting, saying productivity gains hit a “limit” and firms still need people to run and govern AI workflows. Enterprise AI Rollout: Pega research finds successful agentic AI deployments start by rethinking business processes, with business and IT teams collaborating and changing workflows significantly. AI Spending Reality Check: A report highlights how companies are burning through AI tokens and racking up eye-watering bills, while another notes investor funds are cushioning AI spend as token costs rise. Regulation & Safety: The UK orders tech firms to enable on-device tools blocking children from taking, sharing, or viewing nude images, with enforcement and potential penalties if they miss the deadline. Cybersecurity Geopolitics: Reuters reports China has asked firms to stop using cybersecurity software from about 10 U.S. and Israeli vendors, citing national security concerns. Corporate Finance & Tax: Hong Kong unveils a plan to expand tax incentives and add pre-approval for corporate treasury centres to attract more multinationals. Trade & Shipping: The Houthis announce a total ban on Israeli-linked shipping through the Red Sea, raising risks for global trade routes. Local Business Growth: Grab and EnterpriseSG launch a programme to help small F&B merchants grow dine-in and delivery demand and build digital capabilities. Construction Services: A Texas estimating firm expands into roofing estimating and lumber takeoff as demand grows.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.