Rivian to License Its AI Assistant to Volkswagen Group
The Rivian and Volkswagen joint venture now covers elements of Rivian's AI voice assistant, according to Rivian's third-quarter investor presentation. Fees and vehicles were not disclosed.
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Salesforce to Acquire Defense Logistics Firm Rune
Salesforce signed a deal for Rune Technologies, whose software serves U.S. Army and Marine Corps units working with little or no connectivity. It calls the purchase its largest national security acquisition.
Serval Raises $150M at $3B Valuation, Targets ServiceNow
The startup, which names ServiceNow in its own ads, closed its third round in 12 months. Sequoia led the Series C and total funding reached $277 million.
People Inc. Cuts 195 Jobs, Mostly in Print and Legacy Web
CEO Neil Vogel told staff the layoffs hit print and legacy web businesses. The company says it has still added 320 employees this year.
Gap Inc. Rolls Out "Bridgette" AI Hiring Guide for Holiday Season
Gap Inc. has built an AI career guide called Bridgette to handle scheduling and questions during seasonal hiring. It expects about 200,000 applications.
Gartner: 97% of Firms Can't Cut Costs on AI Productivity Alone
Gartner HR research says three-quarters of board members expect AI savings, yet nearly every organization cannot cut expenses through productivity gains alone.