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Capgemini

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AI boom widens the wealth gap, propelling the ultra-rich ahead
economy1 month ago

AI boom widens the wealth gap, propelling the ultra-rich ahead

Capgemini's World Wealth Report 2026 finds ultrahigh-net-worth individuals (investable assets ≥ $30M) gained about 10% in 2025, outpacing the $1–$5M group which grew under 8%. Global wealth among high-net-worth individuals rose 8.7% to a record $98.3 trillion, with the U.S. adding roughly 736,000 new millionaires. The AI boom and access to private equity and hedge funds helped the ultra-rich capture higher returns, highlighting a growing wealth gap as more ordinary investors enter markets but see more modest gains.

Capgemini to Sell ICE-Linked U.S. Unit Amid Global Backlash
business5 months ago

Capgemini to Sell ICE-Linked U.S. Unit Amid Global Backlash

Capgemini said it will sell its U.S. division that works with ICE after scrutiny over a DHS skip-tracing contract, arguing the work falls outside its core business and accounted for a small share of revenue. The move follows pressure on other Canadian firms with ICE ties, such as Hootsuite and Jim Pattison Developments, and anti-ICE protests in major U.S. cities, underscoring rising public scrutiny of enforcement actions.

Capgemini Exits US Arm Over ICE Surveillance Contract
business5 months ago

Capgemini Exits US Arm Over ICE Surveillance Contract

French tech giant Capgemini announced an immediate divestment from its U.S. subsidiary Capgemini Government Solutions after scrutiny over ties to ICE and a major skip-tracing program that could be worth more than $1 billion; an independent board found U.S. legal restrictions limited proper control to align with Capgemini’s objectives, prompting the exit amid protests and broader Franco-U.S. tensions.

Capgemini to divest U.S. unit amid ICE contract scrutiny
business5 months ago

Capgemini to divest U.S. unit amid ICE contract scrutiny

French IT group Capgemini says it will immediately begin selling its U.S. subsidiary Capgemini Government Solutions after lawmakers pressed for answers about a DHS ICE contract. Capgemini notes CGS accounts for a small share of revenue, and CEO Aiman Ezzat said the firm did not have access to classified information and will review the contract and CGS’s contracting procedures.