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Stock impact report

QXO Hires Ashwin Rao as Chief Artificial Intelligence Officer

QXO, Inc. (QXO) 
Company Research Source: GlobeNewswire
GREENWICH, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) today announced that Ashwin Rao has been appointed chief artificial intelligence officer, effective immediately. He will serve as the company’s principal AI architect, as QXO becomes a leader in the $800 billion building products distribution industry. Brad Jacobs, chairman and chief executive officer of QXO, said, “Artificial intelligence will permeate everything we do at QXO, including demand forecasting, inventory management and e-commerce. Ashwin is recognized as one of the brightest minds in enterprise AI. He will be instrumental in making QXO the most tech-forward company in the industry.” Rao’s career as an innovation leader spans more than 30 years, combining technological expertise and strong commercial instincts. From 2016 through 2022, he served as the first-ever head of AI for Target Corporation, where he led a team that developed mathematical models for pricing, mer Show less Read more
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