Financial News
ZoomInfo to Acquire Conversation Intelligence Leader Chorus.ai to Enable Insight-Driven Targeting, Coaching, and Decision-Making for Go-to-Market Teams
VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: ZI), a global leader in modern go-to-market software, data, and intelligence, today announced it has agreed to acquire Chorus.ai, More than 20,000 global revenue teams trust ZoomInfo to power their go-to-market motions and drive efficient results. The planned acquisition of Chorus will add a new category of actionable insights to ZoomInfo's world-class intelligence layer, unlocking workflows and driving engagement informed by conversations. The acquisition expands ZoomInfo's total addressable market to $70 billion, and is expected to be accretive to growth immediately, generate positive adjusted operating income within 12 months, and be accretive to cash flow in the second half of FY 2022. Chorus uses machine learning and artificial intelligence to capture and analyze prospect and customer calls, meetings, and emails.
Toyota's tech arm plans major hiring push in self-driving race
Toyota Motor Corp.'s software and technology arm plans to embark on an ambitious hiring and acquisition spree as automakers globally jostle for pole position in the race to develop smart cars that will one day drive themselves. James Kuffner, CEO of Woven Planet Holdings Inc. -- the unit charged with leading the world's largest carmaker through an era in which the lines between technology and automobiles are increasingly blurred -- said he's looking to "double or quadruple the size of the company in the next couple of years." "And so that means organic and inorganic hiring, and when it makes sense, strategic acquisitions," Kuffner said on Wednesday. "We need a lot more people to deliver our mission faster and so I'm always looking for ways to attract, partner with and acquire top talent in that area." Acquisitions are already being made rapidly.
Top 10 Artificial Intelligence Mergers and Acquisitions in 2021
The sudden outbreak of the coronavirus pandemic has created a drastic effect on all types of businesses since March 2020. There are several Artificial Intelligence mergers and acquisitions that happened or yet to happen within hi-tech companies. The tech giants are always ready to acquire small companies that can help in earning better revenue and customer engagement with new products and services in the global market. This provides a competitive edge for the hi-tech companies in the tech-driven market across the world. Let's explore the top 10 Artificial Intelligence mergers and acquisitions in 2021 for the welfare of society.
The Top 100 Software Companies of 2021
The Software Report is pleased to announce The Top 100 Software Companies of 2021. This year's awardee list is comprised of a wide range of companies from the most well-known such as Microsoft, Adobe, and Salesforce to the relatively newer but rapidly growing - Qualtrics, Atlassian, and Asana. A good number of awardees may be new names to some but that should be no surprise given software has always been an industry of startups that seemingly came out of nowhere to create and dominate a new space. Software has become the backbone of our economy. From large enterprises to small businesses, most all rely on software whether for accounting, marketing, sales, supply chain, or a myriad of other functions. Software has become the dominant industry of our time and as such, we place a significance on highlighting the best companies leading the industry forward. The following awardees were nominated and selected based on a thorough evaluation process. Among the key criteria considered were ...
How C3ai Is Transforming Big Oil
Enterprise artificial intelligence (AI) is an emerging industry. Offering software-as-a-service (SaaS) is now incredibly common among technology companies, but C3.ai (NYSE:AI) has blazed a new trail by providing its customers with foundational AI tools on a subscription basis. With 4.8 million artificial intelligence models delivering 1.5 billion predictions per day, it's the biggest player in what is still a small game. However, its impressive customer list suggests the company is punching well above its weight. C3.ai serves dozens of industries, but oil and gas is one of the most notable -- and a collaborative effort with Baker Hughes (NYSE:BKR) might be a looking glass into what this company is really capable of. In a world where many investors are shunning industries known to cause social or environmental harm, it's not surprising that oil and gas companies have fallen out of favor.
Zoom will have automatic translation in real time to videoconferences after buying the company Kites
Video calling platforms and apps have taken on an unprecedented role since the arrival of Covid-19. One of the most important and popular is Zoom, which will now add a new real-time machine translation feature, after announcing the purchase of communications company Kites . Through its official blog, Zoom announced that they are in negotiations to acquire the company Karlsruhe Information Technology Solutions, abbreviated Kites . It is a German startup "dedicated to the development of real-time machine translation solutions" or MT, for its acronym in English. Zoom said that the acquisition of Kites represents the possibility of eliminating the language gaps between its users.
Artificial Intelligence Ranks Moderna, Inc Among Today's Trending Stocks
Every day, Q.ai brings you a list of trending stocks that have caught the fancy of hedge funds, retail investors, and the occasional Robinhood-er alike. And to celebrate the start of the new month, today's batch is a rather motley assortment spanning the sector spectrum, from vaccines and bath towels to spirits and cloud computing. Without further ado, let's see what stocks are trending as we celebrate the first day of July with an independence-sized bang. Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. Our deep-learning algorithms use Artificial Intelligence (AI) technology to provide an in-depth, intelligence-based look at a company – so you don't have to do the digging yourself.
TransUnion And FedEx Corporation Among This Week's Industrial Stocks
Every week, Q.ai covers a different theme to introduce retail investors to different types of investing. These run the gamut from large and small cap stocks to particular sectors of the market to companies with solid value or growth potential. This week, we're going to take a look under the hood of some of the stocks in the Forbes AI Investor Industrial portfolio. Whether these stocks tinker, build, or drive commercial efforts behind the scenes, we're here to drag out the good, the bad, and the greasy for your edification. Q.ai runs factor models daily to get the most up-to-date reading on stocks and ETFs.