💨 Abstract
ServiceNow, a software company, announced a $2.85 billion acquisition of AI firm Moveworks, its largest to date. Moveworks offers AI solutions to assist clients, including Broadcom, Palo Alto Networks, and Pinterest. The deal aims to expand ServiceNow's product portfolio and attract more customers, as enterprises invest in AI for IT automation. The transaction is expected to close in 2025.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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