💨 Abstract

ServiceNow, a software company, announced a $2.85 billion acquisition of AI firm Moveworks. This is ServiceNow's largest purchase to date, reflecting increased enterprise spending on AI technology for IT operations. Moveworks, known for its AI chatbot that resolves employee issues, counts Broadcom, Palo Alto Networks, and Pinterest among its clients. The deal is expected to close in the second half of 2025.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖