Lower for longer: Tech spending remains tepid

200 episodes for Breaking Analysis with theCUBE! [Lower for longer: Tech spending remains tepid]( We’re getting used to the phrase “higher for longer,” referring to the realization that interest rates are expected to remain elevated for a period of time. This trend is having an inverse effect on enterprise tech spending growth rates. Prior to the Fed’s tightening binge for example, information technology decision makers in aggregate expected annual technology spending to increase by 7.5%. Eleven Federal Reserve interest rate hikes later, ITDMs estimate that their 2023 budgets will be up only 2.9%, with an expectation, or perhaps it’s a wishful hope, that their budgets will increase 3.8% in 2024. In this, our 200th Analysis]( we preview the current spending climate and where AI fits in relation to other sectors. We’ll also share with you a snapshot of the leaders in terms of spending velocity for their platforms; and how their performance compares to peers relative to earlier survey periods. Get the full report [here]( for free! [Subscribe for weekly Breaking Analysis alerts](. [Get the free report]( [On theCUBE Pod: Whether or not to pay ransoms and diving into the Flexport drama]( On the past two editions of theCUBE Podcast, industry analysts John Furrier and Dave Vellante have discussed the [ransomware attack]( crippled services at MGM Resorts International Inc., and it turns out the details reported were correct. What’s coming out now are the details of the damage done. The Wall Street Journal reported Thursday that MGM Resorts [refused to pay]( hackers following the ransomware attack. The company said hackers stole some personal information data of customers, adding the breach will cost about $100 million. “This is a modern phenomenon,” Furrier (pictured, left) said on the [latest episode of theCUBE Podcast](. “What do you pay the ransom hostages? Do you negotiate with terrorists? This is a classic kind of prisoner’s dilemma.” Other topics include highlights from Dell's Financial Meeting in New York, the latest developments from Flexport's layoffs and leadership turnover, and theCUBE's upcoming Supercloud 4 event. Watch the full episode [here]( [Subscribe for a weekly recap of tech's top stories](. [Firsthand insights with theCUBE!]( [Top News: Editors' Picks]( UiPath launches Autopilot, an AI assistant for everyone UiPath Inc.’s automation platform gets a boost with new Gen AI, specialized AI and automation capabilities to simplify business tasks with natural language. The new features were announced this week at UiPath’s annual user conference FORWARD VI. [Read more]( siliconangle.com DDOS attacks are growing bigger and more lethal A sad and scary new record was set last week, with the latest and biggest distributed denial-of-service attack. Network security provider Cloudflare Inc. had observed and repelled the attack in August. The previous record was set in February. [Read more]( siliconangle.com [Live today at UiPath FORWARD VI!]( TheCUBE is bringing you the latest on generative AI, data, automation and cybersecurity! Join us for a jam-packed season, starting in October with UiPath FORWARD VI from Oct. 10-11, ChaosSearch’s "Unlock the full potential of your data in the AI-driven era" event on Oct. 12, IBM's "Beyond Firewalls" event on Oct. 19, and Supercloud 4 from Oct. 24-25. Then, in November, tune in to theCUBE for our coverage of KubeCon NA from Nov. 7-9 and SuperCompute 2023 from Nov. 14-16.    [UiPath FORWARD VI: Oct. 10-11](   We're live this week for theCUBE's extensive coverage of FORWARD VI](. Join us today for engaging conversations featuring leading industry experts as we delve into the far-reaching effects of AI-driven automation. TheCUBE sets the stage for a revolutionary era of innovation that promises to reshape the way we work and live. [Add to your calendar now!](   [ChaosSearch’s ‘Unlock the full potential of your data in the AI-driven era’ event: Oct. 12](   On Oct. 12, theCUBE talks with ChaosSearch during the “Unlock the full potential of your data in the AI-driven era” event about the most recent advancements in harnessing the complete power of data in today's AI-centric era. Tune in as theCUBE analysts talk to the experts from ChaosSearch on how the company is empowering businesses to harness data's full potential, helping to usher in a new era of AI-driven insights and decision-making.   Tune in to hear from the following expert guests: - Ed Walsh, CEO of ChaosSearch - Thomas Hazel, founder, CTO and chief scientist of ChaosSearch   [Join theCUBE on Oct. 12 to learn more!](   [IBM Storage – Beyond Firewalls: Oct. 19](   October is Cybersecurity Awareness Month! Join theCUBE on Oct. 19 for the "[IBM: Beyond Firewalls]( event.   Since 2004, October has been designated as Cybersecurity Awareness Month by the President of the United States and Congress. This month is dedicated to fostering collaboration between the public and private sectors to heighten awareness regarding the critical importance of cybersecurity. Tune in to theCUBE as we bring you the latest on this crucial initiative to bolster cybersecurity knowledge and safeguard our digital world.    Experts who will be speaking include:   - Jeff Crume, distinguished engineer, cybersecurity architect and chief technology officer of IBM Security Americas at IBM - Christopher Vollmar, storage and data resiliency architect for IBM Canada - Ram Parasuraman, executive director of IBM   [Register today!](   [Supercloud 4: Oct. 24-25](   Check out theCUBE from Oct. 24-25 for [Supercloud 4]( Our team of analysts will engage experts in enlightening conversations about the ever-evolving realm of generative AI. Be sure to tune in as we explore this rapidly changing landscape, shining a spotlight on the groundbreaking concept of the supercloud, which holds the promise of unlocking unparalleled possibilities for reshaping entire industries and businesses.   At the heart of this transformative journey lies the extraordinary potential of generative AI, poised to revolutionize our understanding and interactions with technology as we currently perceive it.   The list of experts who be joining us includes:   Ori Goshen, co-CEO of AI21 Labs David Linthicum, CCSO of Deloitte Jeff Boudreau, newly appointed chief AI officer at Dell Technologies Igor Jablokov, CEO of Pryon Chetna Mahajan, CIO of Amplitude Andy Thurai, VP and Principal Analyst at Constellation Research   [Sign in to watch!](   [KubeCon NA: Nov. 7-9](   Get ready to immerse yourself in the cutting-edge world of cloud-native computing at + CloudNativeCon NA 2023]( taking place in Chicago from Nov. 7-9.   As your go-to destination for the freshest news and comprehensive analysis from leading figures in the open-source and cloud-native communities, theCUBE is your trusted source. This event is specifically designed to advance the evolution and comprehension of cloud-native computing, making it an invaluable opportunity to gain profound insights and actively engage in the ongoing conversation shaping the future of technology.   [Don't let this chance pass you by! ](   [SuperCompute 23: Nov. 14-16](   Don't forget to tune in for theCUBE's extensive coverage of 2023]( the prestigious international conference for high-performance computing, networking, storage and analysis, taking place from Nov. 14-16.   We're excited to host a gathering of diverse industry experts who will be sharing their valuable insights, exchanging innovative ideas and catalyzing progress in the field of high-performance computing. This is your chance to stay abreast of the most recent advancements and hear more of the discussions shaping the future of this dynamic field.   [Be sure not to miss out! ]( [Follow all theCUBE's upcoming broadcasts!]( SiliconANGLE Media Inc. | [SiliconANGLE.com]( [View as Webpage]( [[Twitter] ]( [[YouTube] ]( [[LinkedIn] ]( SiliconANGLE Media Inc | 5 Mount Royal, Suite 280, Marlborough, MA 01752 [Unsubscribe {EMAIL}]( [Update Profile]( | [Constant Contact Data Notice]( Sent by communication@siliconangle.com powered by [Trusted Email from Constant Contact - Try it FREE today.]( [Try email marketing for free today!](