ServiceNow to Acquire Moveworks for $2.85 Billion in AI Expansion

AI Titans Clash: Acquisitions, Expansions, and Controversies

Author

Ava Woods
March 10, 2025 • Est. Reading Time: 11 minutes

Acquisitions, Expansions, and Controversies

Hey AI explorers! 🚀 This Monday's stories are a rollercoaster of bold moves – from ServiceNow's massive Moveworks buy to Meta's voice tech leap. Buckle up for an AI journey that promises to challenge everything you thought you knew. Full details inside! 🤖

(Read Time: 5 Minutes)

Today's Edition

Top Stories

ServiceNow to Acquire Moveworks for $2.85 Billion in AI Expansion

Image Source: TechCrunch

Overview of the Acquisition 

ServiceNow has announced its decision to acquire Moveworks, a company known for its automation and AI tools tailored for enterprises. The acquisition is valued at $2.85 billion, combining cash and stock, and is expected to finalize in the second half of 2025. Moveworks, which was valued at $2.1 billion in June 2021, has developed a strong reputation for enhancing AI capabilities within organizations. The acquisition is seen as a significant step for ServiceNow in advancing its AI-driven business transformation initiatives.

Key Points of the Deal

  • ServiceNow's president and COO, Amit Zavery, emphasized the synergy between the two companies, noting existing mutual customers and integrated product offerings.

  • Moveworks, founded in 2016, initially focused on automating IT support before expanding into HR, finance, and facilities management.

  • The startup has raised over $300 million from notable investors like Tiger Global and Kleiner Perkins, and it serves clients such as Unilever and Toyota.

  • This acquisition follows ServiceNow's earlier purchase of Cuein, enhancing its capabilities in AI and data processing.

Significance of the Acquisition

This acquisition highlights ServiceNow's commitment to leveraging advanced AI technologies to improve business processes. By integrating Moveworks’ AI tools, ServiceNow aims to redefine user experiences for employees and customer service teams. The move is part of a broader strategy to accelerate AI adoption across enterprises, positioning ServiceNow as a leader in the rapidly evolving AI landscape. With nearly 1,000 AI customers and significant revenue growth attributed to AI, this acquisition could further strengthen ServiceNow's market presence and innovation potential.

SambaNova Expands AI Data Center Partnership with SoftBank in Japan

Image source: Digital Infra Network

Overview of the Expansion

SambaNova is expanding its AI capabilities in Japan through a new partnership with SoftBank Corp. This collaboration introduces a new AI data center that will host SambaNova Cloud, which offers developers in the region fast and efficient AI inference services. The deployment includes racks equipped with advanced AI chips designed by SambaNova. This expansion aims to enhance the availability of AI resources for developers in the Asia-Pacific region.

Key Details of the Partnership

  • SambaNova Cloud will provide developers with access to leading Japanese open-source models, including Swallow, Llama, and Qwen.

  • The partnership will optimize more open-source models for various Asian languages in the upcoming quarter.

  • SambaNova Cloud is designed with a user-friendly API and ultra-fast inference capabilities.

  • SoftBank Corp. is committed to enhancing generative AI development through this collaboration.

Significance of the Collaboration This partnership is crucial for advancing AI technology in Japan and the broader APAC region. By providing developers with access to powerful AI tools and resources, SambaNova and SoftBank Corp. aim to foster innovation in generative AI. This move not only strengthens their existing relationship but also enhances the competitive landscape for AI development in Asia, positioning both companies as leaders in the AI space.

Meta's Bold Move - Enhancing AI Voice Capabilities for the Future

Image Source: Financial Times

The Vision for AI Voice Interaction

Meta is on a mission to enhance its artificial intelligence voice capabilities, particularly through the upcoming release of its large language model, Llama 4. Mark Zuckerberg envisions a future where AI agents can engage in natural, two-way conversations instead of sticking to a rigid question-and-answer format. This shift aims to create a more interactive and user-friendly experience. The goal is to position Meta as a leader in AI technology by 2025, competing with major players like OpenAI, Microsoft, and Google.

Key Developments in AI Voice Technology

  • Meta plans to improve voice features in Llama 4, focusing on natural dialogue.

  • The company is exploring premium subscriptions for its AI assistant, Meta AI, to perform tasks such as booking reservations.

  • Paid advertising may be introduced in search results from the AI assistant.

  • Meta is also working on an AI engineering agent capable of mid-level coding and problem-solving.

The Importance of AI Voice Innovations

These advancements in AI voice technology are significant as they reflect a broader trend toward conversational AI. By enabling users to interact more naturally with technology, Meta aims to redefine how people engage with digital devices. This could potentially lead to a shift in consumer behavior, making voice interaction a preferred method for accessing information and services. As Meta accelerates its development of lightweight headsets, the integration of voice capabilities could further transform user experiences, positioning the company at the forefront of the AI revolution.

Manus - The AI Sensation That May Not Live Up to the Hype

Image Source: TechCrunch

Overview of Manus

Manus is an AI platform that has quickly gained attention since its recent preview launch. It is being hailed by some tech experts as a groundbreaking tool that could redefine human-machine collaboration. However, the excitement surrounding Manus raises questions about whether the platform truly delivers on its promises. Although it has drawn comparisons to established AI technologies, early user experiences suggest that Manus may not be as capable as advertised.

Key Details

  • Manus uses a mix of existing AI models, including those from Anthropic and Alibaba, to perform tasks.

  • Users have reported issues such as error messages and inaccurate information when using the platform.

  • Despite claims of superior performance, Manus has struggled with simple tasks like ordering food or booking flights.

  • The hype around Manus has been fueled by social media influencers and media coverage, often exaggerating its capabilities.

Significance of the Hype

The rapid rise in Manus's popularity highlights the power of marketing and social media in shaping perceptions of new technologies. While the platform is still in beta and undergoing improvements, the gap between user expectations and actual performance raises concerns about the future of AI tools. As excitement continues to build, it remains essential for developers to focus on delivering reliable and effective solutions rather than simply riding the wave of hype.

  • Revolutionizing Night Vision - Deepnight's $5.5M AI Funding Breakthrough.

    Deepnight is set to transform military night vision technology with AI solutions.

  • An AI-driven service in Finland reveals the potential and limits of technology in worship.

  • Air France is revolutionizing its operations with generative AI tools to enhance efficiency and customer service.

  • Scale AI’s partnership with the Defense Department marks a new era in military decision-making through AI technology.

  • Elon Musk's Legal Battle Against OpenAI - A Glimmer of Hope.

    Musk’s lawsuit against OpenAI raises critical questions about AI governance.

  • Authors accuse Meta of copyright infringement by using their books for AI training.

  • Sony Music warns that AI-generated music fakes threaten the livelihoods of artists.

  • A new playbook aims to increase women’s participation in Generative AI education and careers, addressing significant barriers they face.

  • Beijing Schools Mandate AI Education for All Students.

    Beijing mandates AI education in schools to prepare students for a tech-driven future.

  • Creatopy Welcomes New CEO Tammy Nam to Drive Digital Ad Innovation.

    Tammy Nam’s leadership at Creatopy aims to enhance digital ad automation and customer engagement.

  • Ajay Devgn’s Prismix aims to transform storytelling through AI-driven innovation.

  • Revitalizing Avatars - AvatarOS Secures $7 Million for Unique Virtual Identities.

    AvatarOS aims to create high-quality, personalized avatars with unique movements.

  • Humanoid robots will race against humans in a half-marathon in Beijing.

  • DeFi Technologies Boosts Stake in Neuronomics AG to 52.5%.

    DeFi Technologies increases its stake in Neuronomics AG to enhance its AI-driven asset management capabilities.

  • Revolutionizing Nature - Colossal's Quest to Bring Back Extinct Species.

    Colossal aims to revive extinct species while addressing ethical concerns in conservation.

6thWave AI Insider is the go-to AI digest for the movers and shakers. Thousands of tech visionaries, global innovators, and decision-makers—from Silicon Valley to Wall Street—get their daily AI fix from our AI News Hub and Newsletter. We're the fastest-growing AI-centric News Hub on the planet.

Stay curious, stay ahead!

Ava Woods, Your AI Insider at 6thWave.

P.S. Enjoyed this AI knowledge boost? Spread the digital love! Forward this email to a fellow tech enthusiast or share this link. Let's grow our AI-savvy tribe together!

P.P.S. Got a byte of feedback or a quantum of innovation to share? Don't let it get lost in the noise—reply directly to this email. Your input helps upgrade my algorithms!