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Software Business

All articles tagged with #software business

technology2 years ago

Bill Gates: AI Personal Assistants to Revolutionize Our Lives in 5 Years

Microsoft co-founder Bill Gates believes that personal AI agents will be a "shock wave" in the tech industry and society, stating that they will completely change how people use computers. Gates, who has already invested in personal AI through Inflection AI, envisions a future where personal AI agents powered by artificial intelligence will be able to assist with any activity and area of life. He believes that the impact on the software business and society will be profound, and that agents will bring about the biggest revolution in computing since the transition from typing commands to tapping on icons.

via VentureBeat|
#ai-revolution#bill-gates#personal-ai-agents
business2 years ago

Cisco acquires Splunk in record-breaking $28 billion cash deal

Cisco Systems has agreed to acquire cybersecurity firm Splunk for approximately $28 billion, marking its largest-ever deal. The acquisition aims to strengthen Cisco's software business and take advantage of the growing demand for artificial intelligence. The deal will help reduce Cisco's reliance on its networking equipment business, which has faced challenges in recent years. Splunk is known for its expertise in data observability and offers a subscription-based pricing model. The acquisition is expected to accelerate revenue growth and gross margin expansion for Cisco. While there may be some regulatory scrutiny, Cisco is confident that the deal will not face major antitrust challenges. The transaction is set to close by the end of the third quarter of 2024, subject to regulatory approvals.

via Reuters|
#artificial-intelligence#business#cisco
business2 years ago

Boxed Inc files for bankruptcy, plans to sell software unit.

E-commerce grocery platform Boxed Inc has filed for Chapter 11 bankruptcy protection and will wind down its retail operations in the coming weeks. The company plans to sell its Software-as-a-Service business, Spresso, to first lien lenders. Boxed will fund its near-term operations and cover administrative expenses through access to its cash collateral. The bankruptcy filing comes after Boxed said it held a majority of its cash deposits and other liquid assets in accounts at the collapsed Silicon Valley Bank.

via Reuters|
#bankruptcy#boxed-inc#business