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Adobe Names Lara Balazs as New Chief Marketing Officer

Adobe has appointed Lara Balazs as its new Chief Marketing Officer (CMO) and Executive Vice President, Global Marketing, reporting directly to CEO Shantanu Narayen, the company announced on Monday. Balazs joins Adobe from Intuit, where she served as CMO and General Manager of the Strategic Partner Group. "We’re

GitLab and AWS Team Up to Integrate AI Agents into Developer Workflow

GitLab and Amazon Web Services (AWS) have partnered to integrate Amazon's Q autonomous AI agents into GitLab's Duo AI assistant, aiming to boost developer productivity and accelerate software innovation, reports TechCrunch. This collaboration goes beyond a simple integration, involving joint engineering efforts to seamlessly link the

Salesforce's $344 Million Zoomin Acquisition Highlights Shift in Dealmaking Strategy

Salesforce Inc. acquired data management startup Zoomin Software Ltd. for $344 million last month, reports Bloomberg. This acquisition underscores Salesforce's shift towards a more measured approach to mergers and acquisitions. The $344 million price tag reflects the purchase of outstanding Zoomin shares. Salesforce had already held a minority

Google Faces Billions in Losses if DOJ Antitrust Case Succeeds

The Department of Justice’s (DOJ) antitrust lawsuit against Google could cost the tech giant hundreds of billions of dollars, according to a Yahoo Finance analysis. This potential loss extends far beyond Google's core search business, significantly impacting revenue streams from Android, Chrome, and YouTube. The stakes are

Justice Department Demands Google Sell Chrome Browser

The US Department of Justice (DOJ) has called for Google to divest its Chrome browser as a remedy for its monopolization of the online search market, reports The Wall Street Journal. This drastic measure, following the government's antitrust victory against Google earlier this year, is expected to trigger
Justice Department Demands Google Sell Chrome Browser

Red Hat Acquires Neural Magic to Boost Open Source AI Capabilities

Red Hat has signed an agreement to acquire Neural Magic, a company specializing in software and algorithms that accelerate generative AI (gen AI) inference workloads, according to a press release from Red Hat. The acquisition serves to further the company's goal of making AI workloads more accessible and

Baidu Unveils New AI Applications, Including Enhanced Text-to-Image Tech and No-Code App Builder

China's Baidu Inc has unveiled a suite of new applications for its artificial intelligence technology, highlighting a shift towards commercialization after years of research and development, reports Reuters. The company, known for its search engine dominance in China, is among tech firms embracing the commercialization of large language

Microsoft-Backed Startup Fastino Debuts Task-Optimized Enterprise AI Models That Run on CPUs

Fastino, a San Francisco-based startup, has emerged from stealth mode with a $7 million pre-seed funding round led by Insight Partners and M12, Microsoft’s Venture Fund, reports VentureBeat. The company is developing task-optimized enterprise AI models that offer improved performance at a lower cost, running efficiently on CPUs instead

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

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