ServiceNow Nears Deal to Buy AI Assistant Maker Moveworks
ServiceNow Inc. is nearing a deal to buy artificial intelligence firm Moveworks, people familiar with the matter said, in what would be its largest acquisition to date. The software company is putting the final touches on a deal for Mountain View, California-based Moveworks that could be announced as soon as the coming days. The purchase could value Moveworks at close to $3 billion.
- The integration of Moveworks' AI assistants with ServiceNow's existing products could revolutionize how companies manage employee requests and automate personnel operations, potentially giving ServiceNow a significant competitive edge in the cloud software market.
- What implications will this acquisition have on the broader trend of generative AI adoption in enterprise software, and how will it shape the future of work automation?