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Salesforce Hiring Spree Fueled by AI Agent Demand

Salesforce is on a hiring spree, aiming to recruit over 1,000 employees to support the growing demand for its new Agentforce solution, reports CX Today. Agentforce, launched last month, is a platform layer that enables companies to easily deploy AI agents, enhancing Salesforce workflows. The solution is powered by

Amazon Steps Up Effort to Rival Nvidia in AI Chip Market

Amazon is making significant strides in its quest to challenge Nvidia's dominance in the AI chip market, reports the Financial Times. The tech giant's cloud computing division is investing heavily in custom chips, spearheaded by Annapurna Labs, a chip start-up acquired by Amazon in 2015. The

Alibaba Launches AI Search Engine for Small Businesses, Boosting Purchase Intent

Chinese e-commerce giant Alibaba has unveiled an AI-powered search engine designed to help small businesses in Europe and the Americas source supplies, reports CNBC. The tool, called Accio, leverages generative AI technology similar to ChatGPT to enhance the product discovery and procurement process. Alibaba claims that initial tests showed businesses

Open Source Projects Find Funding Lifeline as Corporates, Startups Step Up

A growing shortage of funding for crucial open source technologies is leading to a surge in support from startups, corporations, and even venture capital firms, reports TechCrunch. Recognizing the critical role open source plays in their success, companies are stepping up to support these projects. Bloomberg launched its FOSS (free

Bumble Posts First Quarterly Sales Drop Since Going Public

Dating app operator Bumble Inc. has reported its first decline in quarterly sales since going public in 2021, as the company warns that it will take longer than expected to boost its sluggish growth rate, reports Reuters. Bumble's struggles stem from the impact of persistent inflation and high

Coupang Stock Slides Despite Beating Earnings Estimates

Despite reporting third-quarter earnings and sales that exceeded analysts' expectations, Coupang stock slid in after-hours trading on Tuesday, reports Investor's Business Daily. The South Korean e-commerce company reported earnings of 4 cents per share on sales of $7.9 billion for the September-ended quarter. Analysts polled by

Oracle's $115 Million Privacy Settlement Faces Opposition

Oracle and the plaintiffs' lawyers who negotiated a $115 million privacy settlement with the tech giant are facing opposition as a US judge in California prepares to consider final approval of the proposed deal, reports Reuters. More than 25 objections have been filed against the settlement, which was announced

Keppel Acquires AI-Ready Data Center in Tokyo from Mitsui Fudosan

Singapore-based Keppel Corporation has agreed to purchase an artificial intelligence (AI)-ready data center facility being developed by Mitsui Fudosan, Japan's largest property group, in Tokyo, reports Reuters. This deal comes less than two weeks after Keppel announced plans to more than double its data center funds under

Shopify Takes Aim at Salesforce, Bragging About Customer Gains

Shopify, the online shopping specialist, is making bold claims about its success in attracting large-scale businesses, including those previously loyal to Salesforce, reports CX Today. The company is touting "the mass migration" of customers from Salesforce to Shopify, citing lower prices as a key driver. Shopify Chief Operating

Mozilla Foundation Cuts 30% of Staff

The Mozilla Foundation, the nonprofit arm behind the Firefox browser, has laid off 30% of its employees, confirming a "relentless onslaught of change" facing the organization, reports TechCrunch. The layoffs, affecting roughly 120 employees, come as Mozilla Foundation undergoes a "reorganization" to "increase agility and