- Salesforce, Inc's CRM former co-CEO Bret Taylor formed an artificial intelligence startup with Alphabet Inc GOOG GOOGL Google's outgoing Vice President Clay Bavor.
- The former Google colleagues Taylor and Bavor wanted the new company to apply AI to "some of the most important problems in business," Bloomberg reports.
- The venture will begin in March when Bavor leaves Google.
- Taylor, once seen as a likely successor to Salesforce CEO Marc Benioff, shared his plans to quit the enterprise software giant in 2022 to return to his "entrepreneurial roots."
- Taylor was pivotal in forming companies that Meta Platforms Inc META and Salesforce purchased.
- Taylor had also been Twitter Inc's board Chair, serving as the social media company's point person during Elon Musk's takeover.
- Bavor, who joined Google in 2005, supervised Google's virtual reality unit in 2015 and led the Labs division in 2021.
- The tech companies globally looked to jump on the excitement generated by ChatGPT, an AI chatbot created by OpenAI.
- Alibaba Group Holding Limited BABA became the latest company to jump on the ChatGPT bandwagon after Microsoft Corp MSFT, Google, and Baidu, Inc BIDU.
- Price Action: CRM shares traded higher by 1.99% at $173 premarket on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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