Lightspeed Commerce appoints CTO to lead AI strategy

What happened: MSCI Inc. (MSCI) appointed Kashi Kakarla as CTO and Head of Product Engineering on June 22, while Lightspeed Commerce Inc. (LSPD) appointed Bhawna Singh as CTO on May 7. Both executives bring extensive tech and engineering experience to their new roles. Separately, Myriad Genetics, Inc. (MYGN) appointed Raj Jampa as CTO on June 1.

Market impact: These appointments signal a renewed focus on technology and AI strategies in the financial services (MSCI) and commerce (Lightspeed) sectors. For Lightspeed, Singh's appointment could accelerate AI integration, potentially driving growth and enhancing competitive positioning in the e-commerce space.

What to watch next: Lightspeed's Q2 2023 earnings, scheduled for August 2023, will provide insights into the early impact of Singh's AI strategy. Additionally, monitor MSCI's product technology roadmap under Kakarla's leadership, with potential updates expected in their Q3 2023 earnings report.