AI Budget Shifts, Cybersecurity Workforce Challenges, and Meta's AR Innovations

Host Dave Sobel discusses the evolving landscape of IT budgets, emphasizing a significant shift towards AI and data modernization. Accenture's recent earnings call reveals that enterprises are reallocating their IT spending to focus on enhancing digital capabilities and workforce upskilling, rather than increasing overall budgets. This trend is underscored by Gartner's forecast that AI-enabled PCs will dominate global shipments, particularly in the consumer market, indicating a growing reliance on AI technologies.The episode also highlights a concerning slowdown in the cybersecurity workforce, which has seen only a marginal increase in professionals despite a persistent shortage of nearly 5 million workers. Sobel points out that U.S. cybersecurity employment has shrunk by nearly 5%, as employers prioritize revenue-generating roles over cybersecurity positions. This disconnect between the skills sought by hiring managers and those perceived as necessary by applicants calls for more learning opportunities and a focus on recruiting diverse talent to address the skills gap.In regulatory news, California Governor Gavin Newsom vetoed a strict AI regulation bill, opting instead to collaborate with academics to develop alternative guidelines. This decision reflects the ongoing debate surrounding AI safety and regulation, with Newsom arguing against singling out large AI models. Additionally, the National Institute of Standards and Technology (NIST) has revised its password guidelines, shifting the focus from complexity to length, which aims to improve user experience and security practices.Finally, Sobel discusses Meta's recent announcements from their Connect event, particularly the unveiling of their Orion AR glasses. While the glasses showcase advanced features like eye tracking and muscle-reading technology, their high production cost means they won't be available for mass production anytime soon. Meta's commitment to innovation in spatial computing positions them as a leader in the industry, potentially paving the way for a new computing paradigm that integrates AI with real-world awareness. The episode concludes with a reflection on the importance of adapting to these technological advancements and the implications for the future of work. Three things to know today 00:00 AI and Data Take Priority as IT Budgets Shift, Cyber Workforce Slows, and Skill Shortages Persist Across Tech Sectors03:58 AI Regulation Vetoed in California as NIST Shifts Password Policy Focus from Complexity to Length05:42 Meta Leads Spatial Computing Race with Orion AR Glasses and AI Innovations, Highlighting Long-Term Industry Shift   Supported by:  https://www.huntress.com/mspradio/http://blumira.com/radio/   Event: www.smbTechFest.com/Go/Sobel     All our Sponsors:   https://businessof.tech/sponsors/ Do you want the show on your podcast app or the written versions of the stories? Subscribe to the Business of Tech: https://www.businessof.tech/subscribe/Looking for a link from the stories? The entire script of the show, with links to articles, are posted in each story on https://www.businessof.tech/ Support the show on Patreon: https://patreon.com/mspradio/ Want to be a guest on Business of Tech: Daily 10-Minute IT Services Insights? Send Dave Sobel a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/businessoftech Want our stuff? Cool Merch? Wear “Why Do We Care?” - Visit https://mspradio.myspreadshop.com Follow us on:LinkedIn: https://www.linkedin.com/company/28908079/YouTube: https://youtube.com/mspradio/Facebook: https://www.facebook.com/mspradionews/Instagram: https://www.instagram.com/mspradio/TikTok: https://www.tiktok.com/@businessoftechBluesky: https://bsky.app/profile/businessoftech.bsky.social