Latest news with #Informatica
Yahoo
5 days ago
- Business
- Yahoo
Salesforce boss reveals the stunning amount of work now handled by AI
Salesforce CEO Marc Benioff revealed the software company uses artificial intelligence (AI) technology to perform a good deal of its work. He told Emily Chang, the host of Bloomberg's "The Circuit with Emily Chang," that AI "is doing 30% to 50% of the work at Salesforce now." The company has been using AI to automate in areas such as engineering, coding and customer service tasks, according to Benioff. The CEO told the outlet he thinks that will continue at Salesforce. Salesforce To Acquire Informatica For $8B To Boost Ai Capabilities "All of us have to get our head around this idea that AI can do things that before we were doing, and we can move on to do higher-value work," he said in the Bloomberg interview released Thursday. Read On The Fox Business App Benioff acknowledged that AI was "not 100% accurate" but, according to the outlet, said Salesforce has experienced roughly 93% accuracy in its own technology and its work with customers. "You'll never see me saying that we're at 100%, but I think for a lot of the other vendors, maybe they're at much lower levels because they don't have as much data and metadata, and they're not able to kind of put as much information into the model to get to a higher level of accuracy," he told Chang. Companies have embraced AI in their businesses more and more, with some even saying it will and already doing some work that was previously done by humans. AI is a "digital labor revolution that is, you know, we're probably looking at $3 to $12 trillion of digital labor getting deployed," Benioff said to Bloomberg. Amazon Ceo Says Ai Will Reduce His Company's Workforce "That digital labor's going to be everything from AI agents to robots," he continued. The technology started seeing a significant increase in uptake in the wake of OpenAI releasing its ChatGPT chatbot in late 2022, spurring major investments and innovations in the sector. AI has been a boon for Salesforce, with the firm offering Agentforce and other AI-powered tools to its customers, and for other article source: Salesforce boss reveals the stunning amount of work now handled by AI Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Informatica (INFA) Unveils New AI Tools at Snowflake Summit 2025
Informatica Inc. (NYSE:INFA) is one of the . On June 3rd, Informatica Inc. (NYSE:INFA) announced new product innovations at Snowflake Summit, Snowflake's annual user conference. The updates, including expansion of its support for Apache Iceberg, will allow joint customers to use both companies' Generative AI (GenAI) technologies for building reliable and enterprise-level AI applications. The company announced the general availability of new application integration capabilities for Snowflake Cortex AI. This includes new connectors for Cortex AI, Cortex Search, Cortex Analyst, and Cortex Agents, as well as simplified GenAI application creation and no-code development and deployment with Snowflake Cortex AI. A business executive in a modern office looking over reports detailing artificial intelligence. Informatica also announced that it is enhancing its Open Table Connector (Apache Iceberg) to support Apache Polaris. Scheduled for release in July 2025, the enhancement will allow loading data into Snowflake from over 300 sources using the Iceberg table format. The company also announced the launch of its Master Data Management (MDM) SaaS Extension for the Snowflake AI Data Cloud. This will allow customers to consolidate master and transaction data across multiple sources, facilitating analytics and AI use cases. 'Informatica continues to be at the forefront of Generative AI and Apache Iceberg innovation with Snowflake enabling our joint customers to build for the future with a trusted, AI-ready data foundation. Today's announcement underscores our relentless commitment to innovating and leading with Snowflake to deliver greater value for customers through deep product roadmap and partnership alignment.' Informatica is a leader in enterprise AI-powered cloud data management. While we acknowledge the potential of INFA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-06-2025
- Business
- Yahoo
From $100M to $1B? Salesforce's Agentforce (CRM) Might Be the One to Watch
Salesforce, Inc. (NYSE:CRM) is one of the 10 AI Stocks Getting Wall Street's Attention. On June 17, Cantor Fitzgerald analyst Matthew VanVliet reiterated an 'Overweight' rating and $325.00 price target on the stock. The rating affirmation follows Salesforce's Summer '25 release announcement of over 100 new features and upgrades, with Agentforce being the highlight. Having launched in October 2024, Salesforce has already gained traction and generated more than $100 million in annual recurring revenue. According to the firm, the Summer '25 product announcements were 'incremental, base-hit type improvements' across Salesforce's portfolio. However, Agentforce has been a rapidly evolving offering alongside the broader Data Cloud + AI business expansion. A woman using a tablet to navigate the cloud-based bill payment technology. Cantor forecasts Agentforce to exceed $1 billion in annual recurring revenue 'in only a couple of years' on the back of its current product evolution and momentum. Salesforce's proposed acquisition of Informatica was also highlighted as a potential growth catalyst, estimated to close next year, provided it is approved. Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce. While we acknowledge the potential of CRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-06-2025
- Business
- Yahoo
Despite Limited Near-Term Catalysts, Oppenheimer Reaffirms Salesforce (CRM) at Overweight
Salesforce Inc. (NYSE:CRM) is one of the 10 best tech stocks to buy according to billionaires right now. On June 9, an analyst at Oppenheimer reiterated his Outperform rating on the stock and maintained a $370 price target. In this latest note, the analyst pointed to a positive tone from the company management in their recent meeting, particularly around product demand, AI platform capabilities, and early-stage pipeline momentum. Within the AI platforms, he was specifically upbeat about traction in Agentforce and Data Cloud. Copyright: drserg / 123RF Stock Photo However, despite the constructive messaging, the analyst acknowledged that short-term catalysts appear limited. The recent announcement of a potential deal with Informatica Inc. (NYSE:INFA) is also weighing on sentiment for now. The company's historical track record in integration of acquired companies is not particularly strong, and thus the market is still cautious on the long-term synergies of this acquisition. That said, the Oppenheimer analyst maintains a longer-term positive view, citing Salesforce's strong position in the evolving AI landscape. The firm believes Salesforce is well placed to serve as a primary data layer and system-of-records provider in enterprise AI adoption. In the first week of June, an analyst from Cantor Fitzgerald also initiated coverage on Salesforce with an Overweight rating and a price target of $325. He cited the company as one of the highest-quality businesses within their coverage. Salesforce Inc. (NYSE:CRM) is a cloud-based software company specializing in customer relationship management (CRM) solutions. The company offers a comprehensive suite of cloud-based applications for sales, service, marketing, and analytics, enabling businesses to connect with their customers more meaningfully. Its platform is designed to help organizations streamline their operations, enhance customer engagement, and drive growth through data-driven insights. While we acknowledge the potential of CRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
12-06-2025
- Business
- Business Wire
Informatica Expands Partnership with Databricks as Launch Partner for Managed Iceberg Tables and OLTP Database Service at Data + AI Summit 2025
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Informatica (NYSE: INFA), an AI-powered enterprise cloud data management leader, today announced a significant expansion of its partnership with Databricks at the 2025 Data + AI Summit. Informatica is a launch partner for two major innovations from Databricks—Managed Iceberg Tables and Databricks Lakebase, a first-of-its-kind, modern database built for AI. Informatica also unveiled GenAI-focused enhancements to its Intelligent Data Management Cloud (IDMC) platform to accelerate data and AI at scale with Databricks. These announcements further strengthen Informatica's leadership in cloud data management and its deep integration with the Databricks Data Intelligence Platform. Support/Launch Partner for Databricks' New Managed Iceberg Tables As a launch partner for Databricks Managed Iceberg Tables, Informatica enables customers to ingest, cleanse, govern and transform Iceberg-format data at enterprise scale. This allows organizations to convert any data to Iceberg format and leverage open table formats with confidence while maintaining high-performance analytics and AI workloads on the Databricks Data Intelligence Platform. Launch Partner/Connectivity for Databricks' New OLTP Database Informatica is also a launch partner for Databricks Lakebase, a new fully managed, Postgres-compatible database that supports high-volume transactions. Informatica enables seamless data loading and transformation from over 300 sources into the Databricks PostgreSQL service. This will help customers support transactional database (OLTP) use cases by leveraging all their enterprise data assets within the Databricks Data Intelligence Platform, providing uniform enterprise data management for analytics, AI and now transactional workloads. Accelerating GenAI Adoption with CAI for Mosaic AI In addition, Informatica is introducing new capabilities aimed at accelerating the adoption of AI agents and GenAI on Databricks Mosaic AI, Databricks' suite of AI solutions that helps enterprises build and deploy quality AI agent systems. These include: Mosaic AI connectors for Cloud Application Integration (CAI): Rapidly deploy AI agents that integrate enterprise data with Mosaic AI through a no-code interface. GenAI Recipes for CAI: Pre-configured templates that simplify and speed up GenAI application development and deployment. Enhanced Volume Support for Databricks Integration New volume support for Informatica's Cloud Data Integration (CDI) and Cloud Data Ingestion and Replication (CDIR) allows Databricks customers to move and manage non-tabular datasets more efficiently via Unity Catalog—reinforcing Informatica's strength in no-code, governed data integration. 'As a launch partner for our Managed Iceberg Tables and Lakebase, Informatica is committed to supporting Databricks' goal of helping customers leverage open table formats,' said Roger Murff, VP of Technology Partners at Databricks. 'With Informatica's support for GenAI through Databricks Mosaic AI connectors and GenAI recipes, we're enabling enterprises to streamline AI initiatives that harness data intelligence and create real business impact.' 'Informatica continues to be at the leading edge of Generative AI, enabling our joint customers to build a data foundation of trusted, AI-ready data,' said Rik Tamm-Daniels, Group Vice President of Strategic Ecosystems and Technology at Informatica. 'As a launch partner, today's announcement showcases our ongoing commitment to innovating with Databricks to maximize customer value through deep product enhancement and partnership alignment.' Join Informatica at DAIS 2025 Informatica invites attendees to visit booth #325 at the Databricks Data + AI Summit to explore how Informatica and Databricks are jointly driving the future of AI and enterprise data management. About Informatica Informatica (NYSE: INFA), a leader in AI-powered enterprise cloud data management, helps businesses unlock the full value of their data and AI. As data grows in complexity and volume, only Informatica's Intelligent Data Management Cloud™ delivers a complete, end-to-end platform with a suite of industry-leading, integrated solutions to connect, manage and unify data across any cloud, hybrid or multi-cloud environment. Powered by CLAIRE® AI, Informatica's platform integrates natively with all major cloud providers, data warehouses and analytics tools— giving organizations the freedom of choice, avoiding vendor lock-in and delivering better ROI by enabling access to governed data, simplifying operations and scaling with confidence. Trusted by 5,000+ customers in nearly 100 countries—including over 80 of the Fortune 100—Informatica is the backbone of platform-agnostic, cloud data-driven transformation.
