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ServiceNow's stock price exceeded $800 as its generative AI offerings drove a 21% increase in 2024. The company's strong demand for Now Assist and a significant contract backlog contributed to the surge in stock value. Despite the departure of the COO, ServiceNow's market momentum remains strong.
In the second quarter, ServiceNow reported impressive financial numbers, including a 22% revenue increase and adjusted earnings per share of $3.16. The company's subscription revenue and performance obligations also exceeded expectations. ServiceNow's focus on monetizing generative AI internally and for customers has been well-received by investors.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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