AI CENTRAL TO SERVICENOW'S GROWTH STRATEGY
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
ServiceNow Chair and CEO Bill McDermott emphasized artificial intelligence as fundamental to the company's platform during first-quarter earnings results. McDermott described ServiceNow as a growth company with AI at its core.
■ MORE FROM THE BIG TECH DESK
Short-form video content has fundamentally changed how social media algorithms distribute information. Feed curation is no longer transparent, driven instead by complex algorithmic systems that prioritize engagement over user intent.
IBM shares plummeted 25% on Tuesday following preliminary second-quarter earnings that missed analyst expectations, marking the company's worst trading day since the 1987 stock market crash.
Nokia's stock surge is forcing investors to reassess the Finnish company as an infrastructure beneficiary of the AI boom rather than a legacy telecom-equipment maker.
Stripe and private equity firm Advent International have jointly offered $60.50 per share to acquire PayPal, representing a 28% premium to Tuesday's closing price and valuing the payments company at over $53 billion.