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☆ Ukrainian pilots are calling the US Air Force for tips on using US-made missiles and bombs
  + stars: | 2023-03-13 | by ( Christopher Woody | ) www.businessinsider.com   time to read: +6 min
Members of the US Air National Guard have been providing advice for using US-made weaponry. Despite US support, Ukraine's air force is still at a disadvantage against Russia's larger force. Ukraine's air force still faces a tough operating environment. A California Air National Guard officer discusses exercise Safe Skies with his Ukrainian counterparts in July 2011. Ukrainian Air Force via Twitter"We've just got them some precision munitions that have some extended range and go a little bit further than a gravity-dropped bomb," Hecker added.
☆ Why ChatGPT and AI are taking over the cold call, according to Salesforce leader
  + stars: | 2023-03-11 | by ( Ian Thomas | ) www.cnbc.com   time to read: +1 min
Generative artificial intelligence tools like ChatGPT are changing the way that companies and salespeople are communicating with customers for the better, said Clara Shih, CEO of Salesforce's Service Cloud business. "You look at how salespeople work today, and most of them, they dread writing sales emails; they'd much rather be out there with customers," Shih said on CNBC's "Squawk Box" on Thursday. Earlier this week, Salesforce launched what it called the first generative AI CRM technology, Einstein GPT. The updated software uses generative AI technology and OpenAI's advanced AI models that power ChatGPT to do things like create personalized emails for salespeople, responses for customer service representatives, and auto-generate code for developers, among other tasks. "It's really about bringing enterprise-grade generative AI to our clients, whether those are small businesses or the largest companies in the world, and doing it in a way that's rooted in business outcomes," Shih said.
☆ Marc Benioff praises Elon Musk's vision, bemoans not buying Twitter, and rings the recession alarm in a new interview. Here are the Salesforce CEO's 9 best quotes.
  + stars: | 2023-03-10 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +4 min
Marc Benioff praised Elon Musk, hailed AI's potential, and warned of an impending US recession. The Salesforce CEO said he regretted not buying Twitter years ago, and has always loved the company. Benioff hinted Bob Iger and Howard Schultz felt obligated to return as CEOs of Disney and Starbucks. Benioff spoke during the Upfront Summit this month, in an interview aired during a recent episode of the "On With Kara Swisher" podcast. (Benioff was discussing the recent return of Bob Iger and Howard Schultz as CEOs of Disney and Starbucks respectively.)
☆ Elemy is ditching autism care to sell healthcare software instead.
  + stars: | 2023-03-10 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
At the time of the email, Musk was battling a cave rescue diver who was suing him for defamation. Before grabbing some ice cream — I'll probably get cookies and cream — let's dive into today's tech. The tech world was thrown into chaos as Silicon Valley lost faith in its go-to bank, SVB Financial. If startups are worried the bank can't give them all their money back, then they might pull their accounts. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Matt Weinberger (tweet @gamoid) in San Francisco and Hallam Bullock (tweet @hallam_bullock) in London.
☆ The tech world is thrown into chaos as Silicon Valley loses faith in its go-to bank
  + stars: | 2023-03-10 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
At the time of the email, Musk was battling a cave rescue diver who was suing him for defamation. Before grabbing some ice cream — I'll probably get cookies and cream — let's dive into today's tech. The tech world was thrown into chaos as Silicon Valley lost faith in its go-to bank, SVB Financial. If startups are worried the bank can't give them all their money back, then they might pull their accounts. Investors are sinking millions into startups like MARZ and Runway to bring AI tech to film and TV.
☆ Take these 4 steps to recession-proof your credit
  + stars: | 2023-03-09 | by ( Ana Staples | Elizabeth Gravier | Jason Stauffer | ) www.cnbc.com   time to read: +11 min
Pay down your credit card balancesIf you already have credit card debt, paying it off should become a priority. With credit card interest rates continuing to reach new heights, you don't want to get stuck with credit card debt if a recession hits. The credit utilization ratio, or how much of your available credit you're using, is the second most important credit factor after payment history. For that reason, it's best to get rid of credit card debt as soon as possible. You might also want to consider a 0% APR credit card (like the ones below) if you're anticipating big expenses.
☆ Eli Lilly, Apple and Salesforce each made news on Thursday — our Club takes
  + stars: | 2023-03-09 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +7 min
A trio of Club stocks — Eli Lilly (LLY), Apple (AAPL) and Salesforce (CRM) — are in the news Thursday. The news: Eli Lilly is ending clinical development for one of its older Alzheimer's drugs — known as solanezumab — following another failed trial. Eli Lilly shares have struggled so far this year, falling more than 13%. In a note to clients, the firm said Eli Lilly "remains one of our favorite names" in the industry. The Eli Lilly logo is shown on one of the company's offices in San Diego, California, September 17, 2020.
☆ Here's the 8-page pitch deck that a startup helping government contractors navigate subcontractor compliance used to raise $2.5 million
  + stars: | 2023-03-09 | by ( Paige Hagy | ) www.businessinsider.com   time to read: +4 min
GovForce is a software startup that helps government contractors with compliance. GovForce used this 8-page pitch deck to raise a $2.5 million seed round. This software startup is helping government contractors keep tabs on the companies it outsources work to. GovForce offers government contractors software that allows them to continually monitor the compliance of its subcontractors through a dashboard. Read the 8-page pitch deck GovForce used to raise a $2.5 million seed round.
☆ Salesforce sheds hundreds of sales and marketing employees, part of a plan to cut 10% of its workforce
  + stars: | 2023-03-09 | by ( Ashley Stewart | Ellen Thomas | ) www.businessinsider.com   time to read: +2 min
Salesforce conducted another round of layoffs, mostly affecting sales and marketing. Salesforce conducted another round of job cuts, mostly affecting sales and marketing, part of a plan to reduce its workforce by 10%, Insider has learned. The layoffs affected hundreds of employees in locations including New York and Atlanta, according to one person's estimate. "This morning, I lost half my team to another round of Salesforce layoffs. Activist investors have been swarming Salesforce, including Starboard Value and Elliott Management.
☆ Watch Relativity attempt the first launch of its 3D-printed rocket Terran 1
  + stars: | 2023-03-08 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +2 min
3D-printing specialist Relativity Space is attempting its first rocket launch on Wednesday, a mission that marks the most significant test yet of the company's ambitious manufacturing approach. The company's Terran 1 rocket is launching from LC-16, a launchpad at the U.S. Space Force's facility in Cape Canaveral, Florida. The company's Terran 1 rocket stands on its launchpad at LC-16 in Cape Canaveral, Florida ahead of the inaugural launch attempt. The company says that 85% of this first Terran 1 rocket was 3D-printed. Relativity Space | gif by @thesheetztweetz
☆ ChatGPT is being used to automatically write emails: Microsoft, Salesforce, and TikTok creators are hopping on the trend
  + stars: | 2023-03-08 | by ( Kif Leswing | ) www.cnbc.com   time to read: +5 min
The analysts estimated Microsoft's recently announced generated AI sales features could help it take market share and potentially add over $768 million in annual revenue. Microsoft announced on Monday that it would integrate generative AI based on ChatGPT into a set of tools for business called CoPilot. One of its primary features is using AI to generate emails. Microsoft says that its AI email writer can take important context from the email thread, like the price that was previously discussed, and stick it in the response drafted by AI. Microsoft's feature is currently in beta testing, but will be released to customers of Microsoft's Viva Sales feature on March 15, the company said on Monday.
☆ Salesforce to add ChatGPT to Slack as part of OpenAI partnership
  + stars: | 2023-03-07 | by ( ) www.reuters.com   time to read: +1 min
March 7 (Reuters) - Salesforce Inc (CRM.N) said on Tuesday it was working with ChatGPT creator OpenAI to add the chatbot sensation to its collaboration software Slack, as well as bring generative artificial intelligence to its business software generally. ChatGPT also would integrate with Slack to help users summarize conversation threads and handle other queries. Clara Shih, a general manager at Salesforce, said in a press briefing that the announcement responded to demand by businesses for the nascent technology. Salesforce's generative AI tools would help companies “completely reimagine how they engage with their customers,” she said. Salesforce also announced a fund to invest in generative AI startups.
☆ Salesforce reduced a year-end 'gratitude' bonus for employees. Leaked messages show employee response: 'Record margins and 70% bonus. Hurts.'
  + stars: | 2023-03-07 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +3 min
Salesforce reduced an annual cash bonus meant to show "gratitude" to employees by 30%. On Wednesday, March 1, Salesforce reported "record high" adjusted operating margins of 22.5% during its last fiscal year and guided toward 27%. Fortune earlier reported on the bonus cut. "Record margins and 70% bonus. Are you a Salesforce employee or do you have insight to share?
☆ Salesforce follows Microsoft in launching A.I. tools for salespeople with help from OpenAI
  + stars: | 2023-03-07 | by ( Jordan Novet | ) www.cnbc.com   time to read: +4 min
The company said Tuesday that it will release software incorporating artificial intelligence to help salespeople, customer service agents and marketers do their jobs. Salesforce is calling the offering Einstein GPT, drawing on OpenAI's technology that's taken the tech industry by storm since the Microsoft-backed startup opened ChatGPT to the public in November. These AI models sometimes display incorrect information, prompting companies that sell to big businesses and governments to proceed carefully. Like Salesforce, Microsoft is trying to keep the spread of incorrect information to a minimum as it brings AI features to its competing Dynamics 365 software. Salesforce is also touting a new ChatGPT app for Slack that can display information derived from Salesforce.
☆ Salesforce CEO Marc Benioff is bracing for a brutal recession - and says he was blindsided by the market chaos last year
  + stars: | 2023-03-07 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
Marc Benioff was blindsided by the sudden shift in markets and the economy last year, he said. The Salesforce CEO was surprised by inflation, flagging demand, and swings in stocks and currencies. Benioff is bracing for another recession after weathering the dot-com crash and financial crisis. Now, he's bracing for a recession that could rival the dot-com crash and the financial crisis. Benioff emphasized that he steered the customer-relationship management (CRM) specialist through both the dot-com crash and the Great Recession.
☆ Get ready to post on Slack with ChatGPT. The viral AI chatbot is coming to the popular workplace messaging app.
  + stars: | 2023-03-07 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
Salesforce is giving its Slack workplace messaging app the ChatGPT boost that can speed up posting. Microsoft shook up its Bing search engine last month with an OpenAI-powered chatbot that transfixed users. The tool would help users write faster, review outlines of longer Slack chats, and mine channels for information, according to the company. Salesforce also said its AI tool called "Einstein GPT" will help clients use AI-generated content for customer service and marketing purposes. The company said that Slack users will have "granular controls" over access to data, and that ChatGPT's model won't learn from Slack data.
☆ Here's what makes cybersecurity giant Palo Alto Networks tick and why we like the stock so much
  + stars: | 2023-03-06 | by ( Zev Fima | ) www.cnbc.com   time to read: +22 min
Palo Alto Networks (PANW) last month had its best single trading day in about a year, exactly one week after the next-generation cybersecurity company became our newest Investing Club holding. Why Palo Alto Networks? PANW YTD mountain Palo Alto Networks (PANW) 1-year performance Palo Alto Networks is a great way to play a secular growth industry. Taking all of these segments together, Palo Alto Networks is a company capable of delivering on every aspect of cybersecurity under one roof. Palo Alto Networks' ESG practices, meanwhile, are overseen by the ESG and Nominating Committee, which provides counsel to the board in these matters.
☆ Elite Israeli reserve fighter pilots and intelligence officers boycott training to protest against Netanyahu's right-wing government
  + stars: | 2023-03-05 | by ( Bethany Dawson | ) www.businessinsider.com   time to read: +3 min
Reserve pilots in a top Israeli air force squadron are boycotting training in an anti-government protest. Thirty-seven of the 40 reserve pilots in Israeli Air Force's 69th Squadron joined the protests by refusing to attend pre-scheduled training this week, the Jerusalem Post reports. The 69th Squadron is one of Israel's most prestigious air force units, according to Haaretz. The Israel reserve is 465,00-strong, and the mandatory service is part of the national ethos. Critics of this plan by Netanyahu's right-wing government say that this will weaken Israel's courts, and reduce civil liberties, per Reuters.
☆ Salesforce's Marc Benioff says tech CEOs everywhere might soon unleash their inner Elons
  + stars: | 2023-03-05 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +4 min
On the agenda today:But first: Insider's Rebecca Knight is a Gen X working mom who tried TikTok's "Bare Minimum Monday" trend. Insider's Rebecca Knight studies TikTok to learn how to do Bare Minimum Monday. Sarah MackenzieWhen I first heard about "Bare Minimum Monday," the latest TikTok trend to emerge in the workplace, I thought it was nonsense, Insider's Rebecca Knight writes. But when my editor suggested I give Bare Minimum Monday a try and then write about it, I leapt at the opportunity. Key takeaways from Goldman's investor day.
☆ Salesforce faces an underappreciated risk: Platform customers jumping ship like Veeva
  + stars: | 2023-03-04 | by ( Jordan Novet | ) www.cnbc.com   time to read: +4 min
Veeva built its core software on top of Salesforce's app-development platform, but that will be coming to an end in 2025. Peter Gassner, Veeva's founder and CEO, ran the Salesforce platform before starting Veeva in 2007. "Peter has been an outstanding CEO," Benioff was quoted as saying in 2017, as the two companies deepened their partnership. The agreement between the companies holds that Veeva is on the hook to pay Salesforce as Veeva customers use Salesforce's platform — and costs have risen as more people have come to rely on Veeva. But it has grown into a profitable publicly traded software company with $2 billion in annual revenue and a $28 billion market capitalization.
☆ A leaked draft of Salesforce's business plan focuses on Slack, Tableau, MuleSoft — and admits it's been too slow to integrate acquisitions into its main products
  + stars: | 2023-03-03 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +6 min
A draft of Salesforce's internal business plan discusses integrating Slack, Tableau, and MuleSoft with its main products. The draft plan shows how Salesforce aspires to fix "delays in M&A integration" and "siloed priorities." A leaked draft of Salesforce's annual business plan shows the company is focused on better integrating Slack, Tableau, and MuleSoft into its core products as it faces criticism about its acquisition strategy. Salesforce is using Slack, Tableau, and MuleSoft to help fight off activistsSalesforce appears to want to fix this perception, according to the draft document and recent public moves. Slack, Tableau, and MuleSoft — and their integration into Salesforce's other key products — feature heavily in a discussion in the plan on how Salesforce will reach its goal of over 30% margins.
☆ Putin's top troops are being 'decimated' as Russia relies too much on so-called 'elite' forces to wage war in Ukraine
  + stars: | 2023-03-03 | by ( Jake Epstein | ) www.businessinsider.com   time to read: +8 min
Several so-called "elite" Russian units have suffered heavy casualties on the battlefield in Ukraine. The 155th is only the latest so-called "elite" Russian unit to face serious setbacks on the battlefield. An abandoned Russian military tank left in the Ukrainian city of Balakliia after Russian Forces withdrew from the Kharkiv region on September 15, 2022. So I think it's much more of a blow to Russia's ground force's combat power than it is to their reputations." Russia's military leadership has at times faced criticism and even domestic outrage over its decision-making.
☆ S&P 500, Nasdaq set to fall as yields rally on labor market data
  + stars: | 2023-03-02 | by ( Sruthi Shankar Shristi Achar A | Sruthi Shankar | Shristi Achar A | ) www.reuters.com   time to read: +3 min
Futures extended losses after data showed the number of Americans filing new unemployment claims fell again last week, pointing to sustained labor-market strength. Another set of data showed non-farm unit labor costs were revised to 3.2% in the fourth quarter, against economists' estimate of a 1.6% rise. The two-year yield , which best reflects short-term rate expectations, hit a fresh 15-year high at 4.94%. The benchmark S&P 500 (.SPX) and the tech-heavy Nasdaq (.IXIC) fell on Wednesday after data showed U.S. manufacturing contracted for a fourth straight month in February, although raw material prices increased last month. ET, Dow e-minis were up 56 points, or 0.17%, S&P 500 e-minis were down 21.75 points, or 0.55%, and Nasdaq 100 e-minis were down 107 points, or 0.89%.
☆ US stocks rally as traders digest comments from Fed officials on coming rate hikes
  + stars: | 2023-03-02 | by ( Morgan Chittum | ) www.businessinsider.com   time to read: +1 min
US equities rallied Thursday as traders mulled over coming interest rate hikes. The Dow popped more than 300 points, supported by Salesforce's gains on strong corporate earnings. Atlanta Fed President Raphael Bostic said he's "very firmly" in favor of a quarter-point rate hike. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. The Dow Jones Industrial Average popped more than 300 points to lead the gains, supported by Salesforce's strong earnings.
☆ Salesforce: A New Dawn. CEO Marc Benioff is pivoting the cloud company from family to profitability.
  + stars: | 2023-03-02 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
I'm Diamond Naga Siu, and I'm not just talking about the Selena/Hailey 'mean girls' saga — I'm fascinated by the Salesforce spectacle. CEO Marc Benioff recently oversaw the departure of two leading candidates to inherit the Salesforce throne. Now, under their careful watch, Benioff needs to guide the company through a cost-cutting period — something he's never done before. This is quite the turn, considering he was still emphasizing Ohana after laying off 10% of the company in January. CEO Marc Benioff announced on Wednesday that the company is starting a "new day."
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