IBM and Salesforce Announce Expanded Partnership to Boost Adoption of AI and Cloud Data | Coinspeaker

IBM and Salesforce Announce Expanded Partnership to Boost Adoption of AI and Cloud Data

Steve Muchoki By Steve Muchoki Julia Sakovich Edited by Julia Sakovich Updated 3 min read
IBM and Salesforce Announce Expanded Partnership to Boost Adoption of AI and Cloud Data
Photo: Depositphotos

IBM and Salesforce have been already working together and now the two entities are determined to enable global enterprises to seamlessly leverage the power of artificial intelligence (AI).

International Business Machines Corp (NYSE: IBM), a global provider of cloud and artificial intelligence (AI) expertise, has announced a strategic partnership with Salesforce Inc (NYSE: CRM) to further enhance its existing business models. Moreover, both entities have been working together to advance the adoption of trusted AI and data ecosystems in different global enterprises.

Following the announcement, IBM stock surged around 2.5 percent on Tuesday during the early New York session to trade at about $174.11. On the other hand, CRM stock continued to consolidate around $285.79 at the time of this report.

Closer Look at IBM and Salesforce Partnership

According to the announcement, the IBM Watson platform and IBM Granite series model will be integrated with the Salesforce Einstein 1 platform. Additionally, IBM will join the Salesforce Zero Copy partner network to enable seamless integration between IBM watsonx and Salesforce Data Cloud.

“Clients need enterprise-grade foundation models that are trusted, performant, and cost-effective. Choosing the right foundation models is essential to every organization’s AI strategy and a key determinant of how quickly projects move from pilot to production. IBM and Salesforce are working together to make it easier to navigate the complex generative AI landscape by helping clients select the right LLM for their business needs,” Ritika Gunnar, General Manager and Product Management of Data and AI at IBM, noted.

Through the strategic partnership, Salesforce has joined the AI Alliance to strengthen its reliable customer tools. Furthermore, the AI Alliance is an international initiative consisting of over 100 organizations working together to develop responsible artificial intelligence.

“Salesforce and IBM are well positioned to make it easier for customers to get the most value from their data – no matter where it resides – and establish a foundation for customer engagement and trusted AI. With the addition of bidirectional data integration, companies can harmonize all of their data faster, fueling actionable insights that empower teams to make data-driven decisions and deliver amazing integrated experiences across all touchpoints and channels for every customer interaction,” Rahul Auradkar, EVP and General Manager at the United Data Services & Einstein at Salesforce, noted.

Market Picture

The strategic partnership between IBM and Salesforce will further bolster the respective businesses amid heightened competition in the cloud and AI sectors. Notably, IBM has more than 4k entities spanning different sectors such as government and corporations.

Ultimately, the customers of both entities will significantly benefit from the seamless management of data through various AI tools. Consequently, enterprises can streamline their customer relationship management (CRM) and internal processes to increase profitability and improve their customer service.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Artificial Intelligence, Cloud Computing, News, Technology News
Steve Muchoki
Author Steve Muchoki

Let’s talk web3, crypto, Metaverse, NFTs, CeDeFi, meme coins, and Stocks, and focus on multi-chain as the future of blockchain technology. Let us all WIN!

Steve Muchoki on LinkedIn

Rexas finance
Related Articles
Rexas finance