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Microsoft Launches AI Tool "Microsoft Copilot for Finance" to Enhance Financial Analysis

Microsoft Copilot for Finance, the companys newest artificial intelligence technology, was introduced to enable finance departments to effectively man

Microsoft Copilot for Finance, the companys newest artificial intelligence technology, was introduced to enable finance departments to effectively manage activities, create reports, and analyze data sets. This tool is consistent with Microsofts approach to customizing software for particular professions and industries. Microsoft Copilot for Finance is anticipated to increase productivity and decrease dependency on outsourcing, much as AI technologies for sales and customer support. Microsoft made hints about upcoming Copilot products for supplychain and marketing tasks, while price and availability information is still pending. Salesforce, which also provides AI helpers for sales and support duties, may face more competition due to this move. Microsoft demonstrated how its AI works with CRM systems to automate tasks and lessen the need for human CRM updates. Charles Lamanna, a Microsoft corporate vice president, emphasized the transformative potential of AI in reshaping business models Read More..

B2B Tech News | 1 months ago

Intel CEO Sandra Rivera Sees Lucrative AI Potential for Altera Unit

Sandra Rivera, the CEO of Intel, emphasised the profitable possibilities of artificial intelligence for the businesss independent programmable chip di

Sandra Rivera, the CEO of Intel, emphasised the profitable possibilities of artificial intelligence for the businesss independent programmable chip division, which is now referred to as "Altera, an Intel company." Rivera stressed that Alteras programmable chips bridge the gap between generalpurpose AI chips like Nvidia and specialised processors from cloud giants like Amazon, making them ideal for AI applications. Rivera believes programmable chips will eventually fill a significant gap in the fastchanging AI hardware ecosystem. Although market projections for programmable chips range from $8 to $10 billion by 2023, Rivera thinks there may be a more significant possibility because of the part these chips play in different phases of the AI workflow. These chips are based on the Agilex series that Intel currently produces through Intel Foundry. Rivera alluded to possible manufacturing agreements for the next Agilex 3 chips. Read More..

B2B Tech News | 1 months ago

Paramount Global Reports Quarterly Revenue of $7.64 Billion, Below Wall Street Estimates

Despite missing Wall Street predictions on revenue, Paramount Global shocked investors with a 4cent profit per share, exceeding expectations of a 1cen

Despite missing Wall Street predictions on revenue, Paramount Global shocked investors with a 4cent profit per share, exceeding expectations of a 1cent loss. The company reported quarterly revenue of $7.64 billion. CEO Bob Bakish expressed optimism that Paramount+ will turn a profit domestically by 2025. Surpassing forecasts, Paramount+ attracted 4.1 million new members in the quarter, demonstrating the increasing appeal of the streaming service. The business anticipates "low to midteens advertising growth" in the first quarter, exhibiting signs of stabilisation despite difficulties in the advertising industry. The findings coincide with discussions about industry consolidation, as the CEO of Skydance Media is considering a bid to buy National Amusements, Paramount Globals parent company. Although its TV media business has seen a dip in income, Paramount Global is nevertheless optimistic about the development prospects of its streaming operation. Read More..

B2B Tech News | 1 months ago

C3.ai Surges Over 14% in Extended Trading on BetterThanExpected Quarterly Results

Following the release of betterthanexpected quarterly earnings, C3.ais shares rose more than 14% during extended trading. Additionally, the business s

Following the release of betterthanexpected quarterly earnings, C3.ais shares rose more than 14% during extended trading. Additionally, the business said that Hitesh Lath will take over as CFO on March 1st, succeeding Juho Parkkinen, who will become vice president of finance. Surpassing analyst projections, C3.ai reduced its fullyear sales prediction range to $306 million to $310 million. The need for businesses like C3.ai has increased due to the need for generative artificial intelligence solutions to improve operational efficiency. Additionally, for businesses to remain competitive, introducing AI technologies like OpenAIs ChatGPT has forced them to do so. For the fourth quarter, C3.ai expects revenue between $82 million and $86 million, with total revenue for the third quarter surpassing estimates at $78.4 million. Subscription revenue for the quarter also exceeded expectations at $70.4 million. On an adjusted basis, the company posted a minor net loss of 13 cents per share compare Read More..

B2B Tech News | 1 months ago

HP Incs FirstQuarter Revenue Falls Short, Reflecting Sluggish PC Market

For the seventh consecutive quarter, HP Inc.s revenue fell short of Wall Street projections in the first quarter. This decrease was caused mainly by c

For the seventh consecutive quarter, HP Inc.s revenue fell short of Wall Street projections in the first quarter. This decrease was caused mainly by clients delaying system upgrades and the slow demand in the personal computer PC industry. After the declaration, HPs stock dropped more than 3% in afterhours trade. The business observed that the current economic uncertainty is causing enterprise clients to be frugal with their budgets, affecting the demand for personal computers. Revenue growth slowed as the spike in demand for PCs and other devices connected to remote work subsided in 2022. From November to January, HPs sales decreased by around 4.4% to $13.19 billion, falling short of average analyst projections. At 81 cents, adjusted profits per share were in line with forecasts. HP forecasted secondquarter adjusted profit per share in line with estimates amidst a 4% decline in sales in its Personal Systems segment and a 5% decline in its Printing segment. Read More..

B2B Tech News | 1 months ago

Alibaba Cloud Slashes Prices by Up to 55% Amidst Intense AI Developer Competition

Alibaba Cloud, competing fiercely to recruit AI engineers, announced the most significant price decrease it has ever made, of up to 55% on a selection

Alibaba Cloud, competing fiercely to recruit AI engineers, announced the most significant price decrease it has ever made, of up to 55% on a selection of goods. This action comes after a 50% price cut in April of the previous year. Alibaba is offering an average 20% price reduction on over 100 goods as part of a campaign to encourage developers to use its cloud services for artificial intelligence applications. In response, rivals like Tencent and Huawei have also reduced the cost of cloud computing. In line with its dedication to promoting an open cloud ecosystem, Alibaba seeks to democratise cloud services by increasing their accessibility for businesses and developers. Alibaba Cloud, a leader in Chinas cloud computing industry, presently has a large portion of the local market. Read More..

B2B Tech News | 1 months ago

Reliance Industries and Walt Disney Announce Merger of TV and Streaming Assets in India

Reliance Industries of India and Walt Disney announced the combination of their streaming and TV media businesses, creating a $8.5 billion entertainme

Reliance Industries of India and Walt Disney announced the combination of their streaming and TV media businesses, creating a $8.5 billion entertainment behemoth in the country of a billion people. Disney holds the remaining shares in the combined company, with Reliance contributing $1.4 billion and controlling over 63%. This action tackles Disneys difficulties in the Indian streaming market and the financial burden of paying cricket rights. The combined company will be impressive with two streaming services, 120 TV stations, and cricket rights. Disney gets financial security, and Reliance gains leverage in marketing negotiations. The transaction strengthens Reliances standing in Indias $28 billion media industry. Nita Ambani will chair the board, with Uday Shankar as vice chair. The merger aligns with Disneys commitment to India despite past challenges, including a noncash impairment charge due to subscriber losses. Read More..

B2B Tech News | 1 months ago

Salesforce Unveils Einstein Copilot, a New AI Assistant

Salesforces new AI assistant, Einstein Copilot, uses a companys specific data to provide reliable answers within Salesforce apps. In contrast to other

Salesforces new AI assistant, Einstein Copilot, uses a companys specific data to provide reliable answers within Salesforce apps. In contrast to other AI assistants, it strictly adheres to data governance. It uses private corporate data to provide accurate replies. Copilot provides a consistent user experience by responding to inquiries, creating content, and dynamically automating activities. It is based on Salesforces CRM apps. With the help of a conversational user interface, extensive language models, and reliable corporate data, this adaptable assistant can communicate with apps in novel ways. With the beta release, Salesforce hopes to enable users to have enhanced profits, stronger customer interactions, and AIdriven productivity. A reasoning engine for deciphering intent, customisable features, anchoring prompts in Data Cloud, outofthebox actions, and security and privacy guaranteed by the Einstein Trust Layer are just a few of the Copilots capabilities. The application improves Read More..

B2B Tech News | 1 months ago

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