Top ASX Companies Riding the AI Boom

Most of the companies are fast leveraging the AI technology to not only deliver impressive performance but also to position at the forefront of AI technology integration and innovation.?

Two of such AI companies to invest in are

Xero Limited (ASX: XRO)

Xero Limited (ASX: XRO) has recently announced a major leadership transition within the company, with CFO Kirsty Godfrey-Billy set to step down on March 31, 2025, after nine years with the company. Kirsty had invaluable contributions, particularly in steering Xero's growth and profitability, enhancing financial reporting, and managing capital effectively.?

Another important move has been Xero's agreeing to buy Syft Analytics, a cloud-based reporting and analytics platform, for as much as $70 million. Syft is further aligned with Xero's vision to improve accounting and reporting functions to provide deeper insights to small businesses and their advisors. Syft's established presence across 80 countries provides an excellent way to enrich analytics and reporting abilities for Xero to further assist small businesses with their financial challenges.?

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