Salesforce CEO Marc Benioff walks with other attendees as they leave a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 12, 2023. Kevin Dietsch | Getty Images News | Getty Images Salesforce shares experienced a 6% surge in extended trading on Wednesday following the announcement of the …
The Hugging Face website on a smartphone arranged in New York, Aug. 17, 2023. Gabby Jones | Bloomberg | Getty Images Hugging Face, an AI company based in New York, has secured $235 million in funding at a valuation of $4.5 billion, with support from some of the biggest names in the technology industry. Companies …
The remarkable interest from activist-investors in Salesforce (CRM) has continued to decline in the second quarter, according to the latest regulatory filings from influential Wall Street professionals. These prominent investors have also made moves in nine other Club stocks during a strong three-month period that marked the best first half of the market in years. …
Affirmative action has been a topic of intense debate, with supporters and counterprotesters clashing outside the Supreme Court. But the implications of the recent ruling on college admissions go beyond the courtroom, as major businesses express concerns about how it could impact their diversity goals and hiring practices. Companies like Apple, General Electric, Google, Salesforce, …
Microsoft continues to withhold the specific details of its Azure business, leaving investors to speculate on its revenue compared to Amazon and Google. However, the company has decided to be more transparent about its smaller Dynamics business, which includes software for salespeople, marketers, and customer-service agents. In its recent annual report, Microsoft disclosed that Dynamics …
The shares of Atlassian, the collaboration software maker, surged by up to 24% in after-hours trading on Thursday. This came after the company reported better-than-expected results for its fiscal fourth quarter and promised higher profit margins in the future. Here are the details of the company’s performance: Earnings: Adjusted earnings per share were 57 cents, …
Silhouettes of laptop users are seen next to a screen projection of Microsoft logo in this photo illustration. Dado Ruvic | Reuters European Union regulators have initiated an antitrust investigation into Microsoft’s practice of bundling its video and chat app, Teams, with other Office products. The European Commission, the EU’s executive arm, believes that these …
Rafael Henrique | Lightrocket | Getty Images Take a look at these companies making waves in midday trading. Shutterstock— Shares of the stock image, video, and music provider surged 9% after Shutterstock revealed a six-year extended partnership with OpenAI, the creator of ChatGPT. Newell Brands— Shares of the consumer goods company rose over 11% after …
Dario Amodei, co-founder of Anthropic, arrived at the White House for a meeting on artificial intelligence with Vice President Kamala Harris. This meeting marked the entry of Anthropic into the AI arms race. While OpenAI and Google are competing to develop advanced chatbots powered by generative AI, Anthropic is investing heavily to stay competitive. After …
Dustin Moskovitz, the co-founder and CEO of Asana, has rewritten the typical playbook for successful tech founders. Instead of gradually selling off ownership as the business grows, Moskovitz took Asana public through a direct listing in 2020, maintaining a significant ownership stake of about 36%. Since then, he has gone on a buying spree, acquiring …