FOMO—the fear of missing out—used to be a shorthand favorite of young people worried about not being at the right party on a Saturday night. Now, chief executives are increasingly having FOMO over applied AI. The financial bets are large enough for boards to wince at capital expenditure implications. The outcomes are shrouded in mystery, a particular irritant for leadership teams obsessed with data and clarity.
Step forward, Aiman Ezzat, the chief executive of technology and consultancy business Capgemini. The French Fortune 500 Europe giant has been in the news after it agreed to sell its U.S. subsidiary, Capgemini Government Solutions, which had been providing tracing and removal data for Immigration and Customs Enforcement (ICE) in America. In line with the great tech selloff over AI spending fears, Capgemini’s share price has been laboring.
