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Topic: salesforce

Microsoft declined to comment on the EU’s next steps. (In photo: Microsoft CEO Satya Nadella) (AFP) News 

EU Files Formal Complaint Against Microsoft Over Teams Video App

Adriana Marais, , , , , , , , , ,

Microsoft Corp.’s efforts to prevent further investigation by the European Union into its Teams video-conferencing app were unsuccessful, as the bloc’s antitrust enforcers are preparing to file a formal complaint against the company’s behavior. Sources familiar with the situation, who requested anonymity, revealed that Microsoft’s recent suggestion to separate Teams from its comprehensive business software package and offer it to customers at a discounted annual rate did not address regulators’ worries. The European Commission is preparing a statement of objections to send to the company, which could come in the…

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Know what’s happening in the AI universe today, September 13. (Pexels) AI 

EU Commissioner Urges for AI Regulation as Adobe Launches AI-Powered Features and More

Febin Mathew, ,

In today’s AI roundup, Adobe is set to launch generative AI capabilities and implement new pricing plans, resulting in a monthly subscription cost increase from $2 to $5 starting in November. Additionally, EU Chief Ursula von der Leyen has proposed the formation of a global panel comprising scientists, tech companies, and independent experts to tackle the issues surrounding AI regulation. 1. Adobe introduces AI features and pricing plans Over the past few months, Adobe has been slowly introducing AI features into its programs. The company on Wednesday opened up access…

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Race towards 'autonomous' AI agents grips Silicon Valley (REUTERS) AI 

Silicon Valley Accelerates Development of Autonomous AI Agents

Febin Mathew, , , , , , , , , , , , , ,

A new generation of AI assistants, equipped with advanced technology similar to ChatGPT and its competitors, is emerging, intensifying the competition in the field. This comes approximately ten years after the introduction of virtual assistants like Siri and Alexa. These new AI helpers possess enhanced autonomy, taking the capabilities of virtual assistants to a whole new level. Experimental systems running on GPT-4 or similar models are attracting billions of dollars as Silicon Valley races to capitalize on advances in artificial intelligence. The new assistants — often called “agents” or “co-pilots”…

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The cloud-based software company’s efforts to integrate and monetize AI will also come under the spotlight, say Jefferies analysts. (REUTERS) AI 

Salesforce, Box, Crowdstrike take a look at the AI winners: US earnings week ahead

Febin Mathew, , ,

Artificial intelligence continues to be the dominant theme of the earnings season. Software companies Salesforce, C3.ai and Box have reported on Nvidia’s consensus-breaking sales forecasts this week. Eager to separate the winners from the losers in the early days of the AI arms race, investors want to see how well companies like Crowdstrike and MongoDB can tap into the accelerating demand for generative computing. Elsewhere in tech, HP and Dell Technologies could give the market a better idea of whether demand for tech equipment will pick up later this year…

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Salesforce Inc said on Tuesday it was working with ChatGPT creator OpenAI to add the chatbot sensation to its collaboration software Slack, as well as bring generative artificial intelligence to its business software generally. News 

Salesforce adds ChatGPT to Slack as part of OpenAI partnership

Febin Mathew, , ,

Salesforce Inc said on Tuesday that it is working with ChatGPT creator OpenAI to add a chatbot sensation to its collaboration software, Slack, and to bring generative artificial intelligence to its enterprise software in general. The San Francisco-based company said the technology, which it calls EinsteinGPT, would combine its proprietary artificial intelligence with third-party partners, including OpenAI, to help companies generate email drafts, customer account data and computer code. ChatGPT would also integrate with Slack to allow users to summarize chat threads and handle other queries. The change reflects the…

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Silver Lake Invests $ 550 Million in Private Placement (Bloomberg) News 

Qualtrics files IPO two years after sale to SAP

Febin Mathew,

Qualtrics, which makes customer survey software, said in a filing Monday that it plans to sell an undetermined number of shares for $20 to $24 each. Its documents with the United States Securities and Exchange Commission indicated a placeholder amount of $100 million, which will likely change once it sets the amount of shares it plans to market. SAP agreed to pay $8 billion for Qualtrics in November 2018 as part of its biggest ever contract, in a bid to compete with rivals such as Salesforce.com Inc. Qualtrics revealed in…

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Slack signage on a smartphone in the Brooklyn neighborhood of New York, United States on Tuesday, December 1, 2020. Salesforce.com's expected purchase of Slack Technologies Inc. will likely be valued at $ 20 billion, according to the WSJ . Photographer: Gabby Jones / Bloomberg (Bloomberg) News 

Salesforce buys software maker Slack for $27.7 billion

Febin Mathew,

Salesforce.com Inc. has agreed to buy Slack Technologies Inc. for $27.7 billion in cash and stock, giving the enterprise software giant a popular workplace communication platform in one of the biggest technology deals of the year. The transaction, the largest acquisition ever by Salesforce, is expected to close by the end of July, the San Francisco-based company said in a statement on Tuesday. Slack investors will receive $26.78 for every company share plus 0.0776 Salesforce share – which is a 55% premium over Slack’s price on November 24, the day…

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