Salesforce – pressnews

Snap, Okta to Amazon, Tech Layoffs Continue to Roil Industry With 32,000 Jobs Cut

6Feb

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Technology

Snap, Okta to Amazon, Tech Layoffs Continue to Roil Industry With 32,000 Jobs Cut

[ad_1] The tech industry has started 2024 with another wave of job cuts, paring back even further after widespread layoffs last year. So far, some 32,000 tech workers have lost their jobs in 2024 according to Layoffs.fyi, a startup that has been tracking job cuts in the industry since the pandemic. Snap Inc. became the latest example, announcing on Monday that it's reducing its workforce by about 10%, or around 540 employees. Earlier this month, software company Okta Inc. said it would eliminate 7% of its staff to reduce costs, affecting about 400 employees. The list goes on, including Big Tech employers like Amazon.com Inc., Salesforce Inc. and Meta Platforms Inc. This year, “tech companies are still trying to correct for their over-hiring during the pandemic surge, given that the hig...

Shoppers click ‘buy’ as retailers cut prices ahead of Cyber Monday; Salesforce eyes huge discounts

27Nov

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Technology

Shoppers click ‘buy’ as retailers cut prices ahead of Cyber Monday; Salesforce eyes huge discounts

[ad_1] Holiday shoppers in the U.S. are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Cyber Monday, as the first Monday after the Thanksgiving holiday has become known as merchants step up online promotions, is set to be the biggest online shopping day of the year in the United States.Strong online traffic on Black Friday demonstrated a notable pattern of shoppers putting time and effort into selecting the lowest-cost, best-value merchandise, said Rob Garf, vice president and general manager for retail at Salesforce, which tracks data flowing through its Commerce Cloud e-commerce service. Despite an earlier start to retailers' holiday promotions this year, there wer...

Black Friday Sales: Picky US shoppers saying ‘No deals’, Waiting for bigger bargains

26Nov

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Technology

Black Friday Sales: Picky US shoppers saying ‘No deals’, Waiting for bigger bargains

[ad_1] Black Friday sales show US shoppers are watching their wallets and holding out for deeper discounts, which sets retailers up for a subdued holiday shopping season and potentially lackluster earnings results early next year. Consumers aren't spending at the same pace they did during the past couple of years, when the holidays were marked by post-pandemic splurges. While estimates on brick-and-mortar Black Friday sales won't be available for some time, Salesforce Inc. expects online US sales to grow 1% in November and December versus a year earlier, which would be the slowest growth in at least five years. Sales were in line with that figure on Thanksgiving Day and appeared to pick up speed on Black Friday, the software company said. Some shoppers said they were unimpressed by t...

AI brings affordability and has specific use cases to solve problems, says Salesforce India CEO

26Aug

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Technology

AI brings affordability and has specific use cases to solve problems, says Salesforce India CEO

[ad_1] What is the role of artificial intelligence in human activity? Is it that of command and control or an aid to achieving set targets or goals? While one points towards a benevolent AI, the other may refer to something dangerous. Speaking on the issue of AI on Friday was Salesforce India CEO Arundhati Bhattacharya who said that artificial intelligence and generative technology is more of an assistant than a self-functioning unit.She added that at present, there is always a human involved in AI operations and it is difficult to say if it will work on its own in the future. "It's more of an assistant right now. We have not reached the point where we can allow it (to operate independently)... will it be totally on its own at some point, is very difficult to say now," she said. She add...

25Jul

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Technology

Salesforce CEO Marc Benioff shares his predictions for AI and the future of work

[ad_1] Salesforce founder and CEO Marc Benioff has become something of a vanishing breed during the nearly quarter century he has been running the company that pioneered the concept of selling software as an online subscription. While Benioff remains in charge at Salesforce, other billionaire founder/CEOs such Amazon's Jeff Bezos, Google's Larry Page and Netflix's Reed Hastings have all stepped away from groundbreaking companies born during the 1990s.Benioff, 58, isn't ready to leave Salesforce yet, even though he has amassed an $8 billion fortune and just went through a challenging stretch that might have caused many CEOs to head for the exit. In January, Benioff decided to lay off 8,000 Salesforce employees after overseeing a pandemic-driven expansion that included a nearly $28 billio...

Apple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAI

19Jul

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Technology

Apple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAI

[ad_1] Apple Inc. is quietly working on artificial intelligence tools that could challenge those of OpenAI Inc., Alphabet Inc.'s Google and others, but the company has yet to devise a clear strategy for releasing the technology to consumers.The iPhone maker has built its own framework to create large language models — the AI-based systems at the heart of new offerings like ChatGPT and Google's Bard — according to people with knowledge of the efforts. With that foundation, known as “Ajax,” Apple also has created a chatbot service that some engineers call “Apple GPT.” In recent months, the AI push has become a major effort for Apple, with several teams collaborating on the project, said the people, who asked not to be identified because the matter is private. The work includes trying to a...

Race towards ‘autonomous’ AI agents grips Silicon Valley

18Jul

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Technology

Race towards ‘autonomous’ AI agents grips Silicon Valley

[ad_1] Around a decade after virtual assistants like Siri and Alexa burst onto the scene, a new wave of AI helpers with greater autonomy is raising the stakes, powered by the latest version of the technology behind ChatGPT and its rivals.Experimental systems that run on GPT-4 or similar models are attracting billions of dollars of investment as Silicon Valley competes to capitalize on the advances in AI. The new assistants - often called "agents" or "copilots" - promise to perform more complex personal and work tasks when commanded to by a human, without needing close supervision. "High level, we want this to become something like your personal AI friend," said developer Div Garg, whose company MultiOn is beta-testing an AI agent. "It could evolve into Jarvis, where we want this to be c...

New Twitter CEO Linda Yaccarino plans to bring advertisers back

29Jun

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Technology

New Twitter CEO Linda Yaccarino plans to bring advertisers back

[ad_1] In May, Elon Musk officially announced Linda Yaccarino, the former chairperson of advertising sales for NBCUniversal, as the next CEO of Twitter. The move shocked many as it was believed that Yaccarino's opinions on advertisers and meeting their concerns was not really in sync with Musk's, who was losing advertisers on Twitter at an alarming rate due to his policies. However, it appears that Musk hired her specifically to bring back the ad revenue, and the new Twitter CEO is already making major progress in her task.According to a report by the Financial Times (FT), Yaccarino is working on a number of measures to bring back advertisers who left the platform under Elon Musk's ownership. Some of the measures include introducing a new video ads service, bringing more celebrities to ...

21Jun

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Technology

OpenAI plans app store for AI software

[ad_1] OpenAI, creator of the widely popular chatbot ChatGPT, plans to launch a marketplace that will allow developers to sell their AI models built on top of its own AI technology, news site The Information reported on Tuesday, citing people with knowledge of discussions at the company.Enterprise customers using ChatGPT often tailor the technology to their specific uses, which range from identifying financial fraud from online transaction data to answering questions about specific markets based on internal documents. According to the news report, makers of such models could offer them to other businesses through OpenAI's proposed marketplace. OpenAI CEO Sam Altman disclosed the potential plans during a meeting with developers in London last month, the report said. Such a marketplace co...

Salesforce, Box, Crowdstrike To Be Watched For AI Winners: US Earnings Week Ahead

29May

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Technology

Salesforce, Box, Crowdstrike To Be Watched For AI Winners: US Earnings Week Ahead

[ad_1] Artificial intelligence continues to be the dominant theme of the earnings season with software companies Salesforce, C3.ai and Box reporting in the wake of chipmaker Nvidia's consensus-smashing sales forecasts this week.Keen to separate winners from losers in the early days of the AI arms race, investors will want to know just how well companies such Crowdstrike and MongoDB can capitalize on the accelerated demand for generative computing. Elsewhere in the tech sector, HP and Dell Technologies could provide the market with a better read on whether demand for tech hardware will recover later this year when they post results next week. Monday: Markets will be closed for Memorial Day holiday.Tuesday: Just how much Box's (BOX US) latest AI-tool enhancements can help temper the effec...