Cloud-based IT services company ServiceNow is acquiring Montreal-based Element AI, which helps companies use AI to improve operations
TechCrunch Ingrid Lunden
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Discussion
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@jaminball
Jamin Ball
on x
ServiceNow is acquiring Element AI. “With the acquisition of Element AI, ServiceNow will create an AI Innovation Hub in Canada to accelerate customer‑focused AI innovation in the Now Platform” $NOW https://www.servicenow.com/...
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@mckelveyf
Fenwick McKelvey
on x
So is today the day when the Canadian AI bubble burst? https://element.ai/ is being acquired by an American business analytics firm ServiceNow. Raises doubts about AI usefulness & what research AI's political economic context will fund https://www.servicenow.com/...
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@element_ai
Element AI
on x
@servicenow to acquire Element AI. The companies will now join forces to make the world of work, work better for people. https://www.servicenow.com/... https://twitter.com/...
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@ingridlunden
Ingrid
on x
Acquisition will close at beginning of year and official price will eventually come out in quarterly filings, but for now employee buzz is that it's around a $500M deal. Still trying to get more. tip @Techmeme https://twitter.com/...