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).
Microsoft was reported to be in the process of downsizing its gaming sector, affecting approximately 1,900 employees, which is 9% of its gaming division.
Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year.
Economists at Deutsche Bank foresee 175 basis points in rate cuts in 2024.
The Dow had the weakest performance among the three major indexes during Tuesday’s session, primarily due to several declining stocks.
Concerns about higher interest rates can lead to reduced borrowing, higher financing costs, and a potential slowdown in economic activity.
According to CEO, the company needs to employ “thousands” of people to maintain its growth potential and margins.
Despite reporting stronger guidance than expected by analysts, Salesforce highlighted that market uncertainty continues to pressure its future growth prospects.
Hugging Face provides various tools with AI code for data science hosting and development. The startup plans to use fresh funds for further expansion.
Microsoft will begin layoffs affecting over 270 people including remote workers after thousands of other layoffs since last year.
The funding round conducted only a few months after its public launch puts Typeface in fierce competition with similar tools.
The news from IBM on its plans to acquire Apptio came at a time organizations are digitally transforming their business operations faster than before.
Despite expressing positive revenue projections for 2023 and accelerating its profitability timeline in February, Grab is now planning a fresh round of layoffs.
Oracle stock market has rallied about 50 percent YTD to trade around $122.22 during Wednesday’s after-hours.
Although Salesforce raised its earnings forecast for FY24, the revenue prediction remains intact.