SALESFORCE GENERATIVE AI
Want a slice of AI pie? Here's what it will cost stock market investors
Retail investors are now viewing AI as a promising investment frontier, with significant potential for gains by investing in leading companies in this field. Nvidia, a maker of AI chips, has seen its stock surge threefold in the past year, making it one of the most valuable companies in the world with a market capitalisation over $3 trillion.
Salesforce challenger Creatio raises $200 million, becomes 'unicorn'
The funding, led by Sapphire Ventures, came after Creatio's revenue increased at 50% annually for a few years.
Beyond Nvidia: the search for AI's next breakthrough
For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza. "If you look across the chip history, we really have for the most part focused on more general chips," Rebecca Parsons, CTO at tech consultancy Thoughtworks, told AFP. Providing more specialized processing for the many demands of AI is an opportunity seized by Groq, a hot startup that has built chips for the deployment of AI as opposed to its training, or inference -- the specialty of Nvidia's world-dominating GPUs. that Nvidia won't be the best at everything, even if they are uncontested for generative AI training.
Salesforce, its partners expected to create 1.8 million new jobs in India by 2028: IDC report
Salesforce in India is set to create 1.8 million jobs and $88.6 billion in revenues by 2028 through AI-driven initiatives. The company's focus on public sector solutions and digital lending reflects its commitment to India's growth.
Salesforce launches public sector division in India; unveils Made-for-India digital lending solution
Salesforce launched its public sector division in India, introducing a digital lending solution tailored to the market's needs. The move underscores the company's commitment to India, with insights from an IDC study projecting significant job creation and revenue generation. CEO Arundhati Bhattacharya highlighted India's digital transformation potential, noting an urgency for technology adoption. The new offerings aim to enhance citizen experiences and streamline consumer lending processes in the country.
AI jobs command premium pay as companies fill specialised roles
Experts and staffing firms told ET that qualified AI professionals in India are raking in serious cash. Compared to traditional IT roles, AI specialists can command a salary premium of up to 40-80%. The demand for AI talent is exploding as companies race to fill these new and specialised positions.
- Go To Page 1
SAP at work on AI agents to up productivity
SAP, Europe’s largest technology company, is developing AI agents for anomaly alerting, decision support, and task automation. It focuses on business AI solutions and plans to release 100 generative AI use cases by 2024. Kask mentioned the benefits of AI agents in boosting productivity and handling diverse, complex processes.
You.com startup is raising $50 million as it targets AI-assistant market
Similarweb dat shows You.com received 11 million visitors in May, marking an increase in web traffic for the year. However, this figure remains below its peak of 20 million visitors in February 2023. Following ChatGPT's role in ignited interest in You.com's AI-powered search engine in early 2023, some users have since started exploring other options.
Amazon pledges $230 million to boost generative AI startups
The initiative will offer early stage companies AWS cloud computing credits, mentorship, and education to enhance their use of AI and machine learning technologies, according to the company. Participating startups will gain access to AWS computing, storage, database, and custom AI chip services through these credits.
SaaS startup Testsigma raises $8.2 million led by MassMutual Ventures
Existing investors Accel, Strive and BoldCap also participated in the round, Testsigma said on Wednesday. The company had previously raised $4.6 million in 2022.
Salesforce plummets 18% as weak forecast sparks concerns of AI competition
Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm.
Should investors be contra buyers in IT? Rajeev Thakkar answers
In each bull market, there will be pockets of exuberance, but there will be some other pockets which will be out of favour and that is where we tend to look for opportunities.
Eye on AI: AI boosts growth for cloud giants, US newspapers sue Microsoft, OpenAI
In the January-toMarch quarter, Amazon’s cloud computing arm Amazon Web Services, Microsoft’s Azure and Google Cloud grew at 17%, 31% and 28%, respectively, the companies reported. Analysts said this was a sign that AI is contributing to the growth and that overall cloud spending is also accelerating, Reuters reported. On the other hand, Meta CEO Mark Zuckerberg in its earnings call emphasised the company’s longterm investment in AI, which led to its shares sinking by 19% on Wednesday, wiping out over $200 billion in market capitalisation.
Startup ecosystem today is remarkably different compared to 10 years ago: Sanket Atal, Salesforce India
India’s startup ecosystem is fast maturing as people are becoming much more courageous, willing to take risks and establishing right connections, says Sanket Atal.
Our aspiration is to make Persistent a $2 billion plus company in next three years: CEO
Persistent Systems CEO Sandeep Kalra discusses the company's growth strategy amidst challenging market conditions, focusing on leveraging investments in generative AI and sales/marketing to achieve margin growth goals in the upcoming years. Kalra says: "We want to grow in line with what we have done in the past from an outperformance perspective and that is what we are looking at. "
Salesforce opens up Slack AI to clients beyond large enterprises
Slack AI uses a client company’s conversational data to help end users or employees pick up faster on processes and communications with system-generated summaries and new search abilities.
Adobe drops as weak forecast fans worries about competition, AI efforts
Like other software firms Microsoft and Alphabet-owned Google, Adobe is being watched closely by Wall Street for its ability to make money from AI features that it has rolled out across its creative suite including Photoshop.
Microsoft singles out Google's competitive edge in generative AI
Alphabet unit Google enjoys a competitive edge in generative artificial intelligence due to its trove of data and AI-optimised chips, Microsoft has told EU antitrust regulators, underscoring the rivalry between the two tech giants.
Yellow.ai deploys 30% of global generative AI bots domestically
While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to grow revenues, generate business leads and sales support, Yellow.ai cofounder and chief executive Raghu Ravinutala told ET.
OpenAI CEO Sam Altman, Salesforce's Mark Benioff disagree on AI’s use of copyrighted content
Salesforce CEO Marc Benioff accuses AI companies of stealing training data, including content from Time and New York Times. OpenAI, the maker of ChatGPT, is in negotiations with publications like Time to license their news work. The New York Times has already sued OpenAI and Microsoft Corp. for unauthorized use of its articles.
Over 64% users pass off gen AI work as their own: Salesforce survey
At least 64% of users are passing off AI as their own work, and as many as 41% of workers are inflating their generative AI skills and overstating them to secure work opportunities, according to the research survey on Generative AI Snapshot Research Series, 'The Promises and Pitfalls of AI at Work.'
Salesforce raises annual profit view on steady cloud demand
Salesforce company now expects full-year adjusted profit between $8.18 and $8.19 per share compared with $8.04 to $8.06 it had forecast earlier.
Generative AI taking investments to the cloud: Salesforce’s Arundhati Bhattacharya
Salesforce India chairperson Arundhati Bhattacharya talks about how generative AI holds a lot of promise but India’s public sector needs to play tech catch-up.
Salesforce CEO offers jobs to any OpenAI researcher who has quit
More than 500 employees of the AI startup, including chief technology officer Mira Murati and chief scientist and cofounder Ilya Sutskever, have threatened to quit if the company’s board did not resign
Slack is ready to ride AI wave: CEO Lidiane Jones
just nine months after taking on one of the most high profile jobs in Silicon Valley. "It's amazing what has happened to the world," Jones said of this AI moment that has captured the imagination of Silicon Valley and the world.
Salesforce CEO Marc Benioff terms AI amazing; stresses on aspects of trust, values
Speaking at Salesforce's flagship event Dreamforce, Benioff said while the AI revolution will impact how everything operates "it is going to bring us back to our core values".
Salesforce launches AI assistant across its apps including Slack and Tableau
The assistant, called Einstein Copilot, can summarize video calls, deliver personalized answers to customer questions and generate emails for marketing campaigns, among others, the company said ahead of its Dreamforce conference this week.
Salesforce lifts annual revenue, operating margin forecast amid strong demand
The results fan optimism about a recovery in technology spending in the second half of 2023 after earnings from major cloud players including Amazon.com and Alphabet-owned Google suggested that the slowdown was nearing an end.
95% of Indian IT leaders believe generative AI soon have big role at their firms: Report
According to the enterprise software major Salesforce, 87% of IT leaders in India said that the role of AI in their organisations is well-defined. The report highlighted trends impacting IT organisations, such as shifting approaches to application development, the widening gap between IT services demand and supply, and the transformative impact of automation and artificial intelligence.
Load More
