An anonymous reader quotes a report from Bloomberg: Investors are souring on the bonds of software companies that service industries ranging from automotive to finance as fast-paced artificial intelligence innovations threaten to upend their business models. [...] Bond prices tumbled as advances in artificial intelligence rack up. Google announced plans to launch an AI assistant to browse for internet surfers Wednesday while a customer support startup, Decagon AI Inc., raised a new round of funding. Such developments are further stoking the angst about AI displacing enterprise software companies, driving a selloff in the sector's stocks and bonds across the globe. [...] Some say the AI fears weighing on software companies are overdone. "While point-solution software faces disruption risk, large company platforms with complex workflows and proprietary data are better positioned to benefit from AI-driven automation," wrote Union Bancaire Prive in its investment outlook for 2026 released this week. But a recent report by EY-Parthenon flagged that in the UK last year, software and computer services firms issued the highest number of warnings on earnings among listed firms. "Software multiples have compressed amid uncertainty around whether incumbents can defend pricing power and sustain growth in an AI-first work-flow environment," wrote Bruce Richards, chief executive officer and chairman of Marathon Asset Management, in a LinkedIn post last week.

Read more of this story at Slashdot.

The housing shortages plaguing Western cities today stem partly from the abandonment of a 19th century urban governance model that enabled cities like Berlin, New York and Chicago to expand rapidly while keeping real house prices flat and homes increasingly affordable. A new analysis by Works in Progress argues that Victorian-era urban management wasn't laissez-faire but rather a system carefully designed to align private profit with public benefit. Infrastructure monopolies -- whether privately franchised, operated as concessions or municipally owned -- funded themselves entirely through user fees rather than public subsidies, and were structured so that building more capacity was the path to greater returns. Landowners enjoyed a fundamental right to build when profitable, and height limits applied uniformly across entire cities rather than varying by neighborhood, meaning dense development remained legal everywhere. The system began collapsing after 1914, however. Inflation proved fatal to self-funding transport because governments found it politically impossible to raise controlled prices year after year. By the 1960s, trams had vanished from Britain, France and the U.S. Meanwhile, differential zoning gradually banned densification in established neighborhoods, and rent controls decimated private homebuilding in many countries. In Britain, average house prices fell from twelve times earnings in 1850 to four times by 1914. They have since climbed back to nine times earnings. The article argues roughly 80% of postwar price increases trace directly to restrictions on building.

Read more of this story at Slashdot.

When asked directly whether people actually like Experian, Alex Lintner, the credit bureau's CEO of Software and Technology, offered an unusual defense in an interview: "First of all, we're not Palantir, so we don't do reputation scores." Speaking on The Verge's podcast, Lintner conceded that consumers who have poor credit scores through "life's circumstances" sometimes direct their frustration at Experian, though he argued the company enables vital access to credit for 247 million Americans. The 10-year company veteran said Experian has built its own large language model and about 200 AI agents for internal use, but consumer data remains entirely walled off from public AI systems. On security, Lintner said Experian hasn't experienced a data breach in a decade -- the last occurred two weeks into his tenure. When competitor Equifax suffered its massive breach, Equifax actually paid Experian to help protect affected consumers' identities.

Read more of this story at Slashdot.

UPS said today it plans to eliminate an additional 30,000 operational jobs this year as the shipping giant continues to wind down its partnership with Amazon -- previously its largest customer -- and push forward a broader turnaround strategy under CEO Carol Tome. CFO Brian Dykes said on an earnings call that the cuts will be accomplished through attrition and a voluntary separation program for full-time drivers. The company also plans to further deploy automation across its network. UPS has identified 24 buildings for closure in the first half of 2026 and expects to reduce operational hours by approximately 25 million as the Amazon relationship unwinds. Last year, UPS eliminated 48,000 jobs -- 34,000 operational and 14,000 management -- and closed 93 buildings. The company expects $3 billion in total savings from the Amazon unwind.

Read more of this story at Slashdot.