Another Reminder about the Importance of File Conversions That Work
October 18, 2024
Salesforce has revamped its business plan and is heavily investing in AI-related technology. The company is also acquiring AI companies located in Israel. CTech has the lowdown on Salesforce’s latest acquisition related to AI file conversion: “Salesforce Acquiring Zoomin For $450 Million.”
Zoomin is an Israeli data management provider for unstructured at and Salesforce purchased it for $450 million. This is way more than what Zoomin was appraised at in 2021, so investors are happy. Earlier in September, Salesforce also bought another Israeli company Own. Buying Zoomin is part of Salesforce’s long term plan to add AI into its business practices.
Since AI need data libraries to train and companies also possess a lot of unstructured data that needs organizing, Zoomin is a wise investment for Salesforce. Zoomin has a lot to offer Salesforce:
“Following the acquisition, Zoomin’s technology will be integrated into Salesforce’s Agentforce platform, allowing customers to easily connect their existing organizational data and utilize it within AI-based customer experiences. In the initial phase, Zoomin’s solution will be integrated into Salesforce’s Data Cloud and Service Cloud, with plans to expand its use across all Salesforce solutions in the future.”
Salesforce is taking steps that other businesses will eventually follow. Will Salesforce start selling the converted data to train AI? Also will Salesforce become a new Big Tech giant?
Whitney Grace, October 18, 2024
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