Salesforce promoted Miguel Milano, former Oracle executive and current revenue head, to operating chief under CEO Marc Benioff. This move expands Salesforce's leadership as the company faces a 27% stock decline this year due to AI-related concerns impacting cloud software vendors. Robin Washington remains chief operating and financial officer, while longtime executive Srini Tallapragada is leaving. Salesforce is focusing on its AI-driven Agentforce services, which have surpassed $1 billion in annualized revenue, signaling a strategic push despite market pressures.
Investors pulled $700 million from the iShares Expanded Tech-Software Sector ETF (IGV) just hours before Snowflake reported a strong quarter with 37% product revenue growth and an increased full-year forecast, driven partly by AI. Despite Snowflake's...
Docusign announced it will open its Model Context Protocol (MCP) Server to all AI agents starting September 30, enabling native access to its AI-powered agreement intelligence and workflow engine, Docusign Iris. This integration allows AI agents on p...
ServiceNow's stock surged 28% in one month driven by a sector-wide re-rating as fears about AI disrupting software revenue eased, despite no new earnings report during this period. The rally reflects growing investor confidence in enterprise AI leade...
Palantir Technologies' stock surged 7% after announcing an expanded alliance with PwC US to develop an AI-native deals platform aimed at speeding transactions and cutting costs. This move counters Michael Burry's renewed bearish stance, which critici...
Globant has launched the MuleSoft AI Pod, a new delivery model combining AI agents and human experts to speed up secure API-led integrations for enterprises. This approach reduces migration timelines from months to weeks by automating up to 80% of ma...
