I think the potential of Agenic is to rethink how work gets done overall.

It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand.

That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI.

Join him later to learn why agents are a game changer for businesses across industries.

Here's your morning, TNB Tech Minute for Tuesday, March 3rd. I'm Danny Lewis for the Wall Street Journal.

We exclusively report that IR Labs, a decade-old chip company backed by Nvidia and advanced microdevices,

has raised $500 million

in a funding round that values it at $3.8 billion.

The company is trying to revolutionize the way semiconductors are connected inside server racks

by replacing copper interconnections with fiber optics.

The technology could make advanced artificial intelligence chips as much as 20 times more

efficient, but it has been slow to develop due to thermal problems and the need for precision

manufacturing. Activist investor Elliott Investment Management has injected $1 billion into Pinterest.

The social media company will use the funds to accelerate a $3.5 billion share buyback program as it invests in AI.

Pinterest is seeking to boost its revenue by helping users find and purchase products in the images they pin.

Last month, the company projected slowing revenue growth in the first quarter as large retailers pull back on advertising spending.

And Zip Davis has struck a $1.2 billion cash deal to sell its connectivity division to Accenture.

That includes brands such as Ucla, Speed Test, and Down Detector, which generated $231 million

in revenue last year, about 16% of Zip Davis's total revenue.

Accenture says acquiring the division will help it offer end-to-end network intelligence services

for AI-based transformations.

And that's your TNB Tech Minute.

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