AI Unicorns: Automation Anywhere Moves Beyond RPA

According to a recent report, the global robotic process automation (RPA) market is expected to grow at 40% CAGR from $2.94 billion in 2023. San Francisco-based Automation Anywhere is another high growth AI unicorn that is experiencing a similar meteoric growth.

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AI Unicorns: Could OpenAI Become the Most Successful PaaS Company?

When it comes to AI, the one company that comes to everyone’s mind is OpenAI. It was founded in 2015 as a non-profit entity by Sam Altman, Elon Musk, Ilya Sutskever, Greg Brockman, John Schulman, and Wojceih Zaremba to develop a useful version of AI. OpenAI was set up with the intention to act as a countermeasure for the possibility of monopolization of AI technology by tech giants.

AI Unicorns: Scale AI Labels its Way to Unicorn Status

According to a recent report, the global AI market is estimated to grow at 36% CAGR from $214.6 billion in 2024 to $1.339 trillion by 2030. This has accelerated the growth of companies like Scale AI that are providing resources for development of AI solutions.

Cloud Stocks: Analysis of Docusign’s Lexion Acquisition

Digital signature services provider Docusign (Nasdaq: DOCU) recently announced strong quarterly results. The company is looking to expand its market reach through a focused AI-based strategy for document management.

Cloud Stocks: Veeva Addresses Weak Market by Expanding Offerings

The global healthcare cloud computing market is expected to grow 18% annually to reach $320.9 billion by 2034 from $41.1 billion in 2024. The growth in the market is estimated to be driven by the increasing adoption of AI and data analytics in the industry along with the expansion of telehealth and remote monitoring capabilities. Veeva (NYSE: VEEV) recently announced its quarterly results that continued to impress the market, but the weak outlook dimmed market expectations.

Cloud Stocks: Workday Focuses on AI Offerings to Combat Macro Conditions

Enterprise services provider Workday (NASDAQ: WDAY) recently announced its first quarter results that surpassed market expectations. Due to the macro conditions, Workday reduced its subscription outlook for the year, sending the stock falling 11% in the after-hours trading session.

Cloud Stocks: Will Google Acquire HubSpot and Enter the SaaS Business?

Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its first-quarter results that continued to outpace market expectations. The company is seeing strong interest in the market because of talks about its acquisition by Google.

Cloud Stocks: Nutanix Continues to Target VMWare’s Market

Earlier last month, enterprise cloud computing player Nutanix (Nasdaq: NTNX) announced its third quarter results that surpassed market expectations. But the depressing outlook driven by macro conditions sent the stock falling 22% in the after-hours trading session.

Palo Alto Networks Addresses AI’s Cyber Threat

According to a recent research report, the AI cybersecurity market is expected to grow to $102.78 billion by 2032. AI may be beneficial to enterprises, but it is also being used for evasive zero-day attacks that traditional security solutions cannot detect. Palo Alto Networks (NYSE: PANW) is looking to tackle this by securing AI-led attacks across the entire cyber landscape of the organization.

Cloud Stocks: Salesforce Embeds AI All Across

Last week was not a great one for Salesforce (NYSE: CRM) when it announced its first quarter results. The disappointing performance, coupled with a rather weak outlook sent the stock falling 20% in the after-hours trading session. It was the worst day for the stock in the past 20 years.