News

Odaily reports that US lawmakers have introduced the PREDICT Act, which plans to prohibit the President, members of Congress, and other senior government officials from participating in prediction market trading. The bill, jointly proposed by Adrian Smith and Nikki Budzinski, aims to restrict the use of insider information for participating in prediction activities related to political events or policy outcomes, and extends its scope to include spouses and family members of the relevant personnel. The bill also proposes a fine of 10% of the total contract value for violations, and confiscation of all profits, which would be turned over to the US Treasury. (Cointelegraph)

① 15:00 (UTC+8) Germany April Gfk Consumer Confidence Index

According to 1M AI News's monitoring, despite the AI-induced selloff in software stocks wiping out trillions of dollars in market value, major U.S. corporations have not yet abandoned core business software like Salesforce and SAP. They are taking a more pragmatic approach: building small custom apps with AI tools to replace edge software, while also pressuring existing vendors for renegotiations.Cisco's EVP of Operations Thimaya Subaiya revealed that the company has replaced a presentation software with a proprietary AI Agent, saving nearly $5 million in annual licensing fees, and is evaluating more vendors, some with annual subscription costs ranging from $50 million to $200 million. Subaiya believes the role of software is undergoing a fundamental shift: "You no longer need an app because the app is just part of the Agent database."Raj Sharma, Global Growth & Innovation Management Partner at EY, stated that EY has not abandoned SAP but is building custom features on top of SAP using vibe coding, rather than purchasing upgrade packages. With a $1 billion annual tech budget, vibe coding is helping EY save a portion of it. Lowe's Chief Digital and Information Officer Seemantini Godbole is also replacing content generation software in a similar fashion, believing that in the future, not every employee is likely to need a "full-blown" CRM but may only need a simpler AI Agent or chat interface.FedEx's Chief Digital and Information Officer Vishal Talwar mentioned that the company is "not planning to evict software from the enterprise" but is actively engaging with each partner to assess how they adapt to AI-driven changes. A survey by IT consulting firm Gartner indicates that 96% of software engineering organizations have provided AI tools to developers, with over 70% of enterprise software developers expected to use AI Agent-based programming tools in the next two years. The consensus among several enterprise CIOs is that the role of core business software is shifting from operational hub to an enterprise data source, with AI Agent becoming the primary interface for employee-software interactions.