عربي English Türkçe اردو فارسى
Logo
Latest News
Technology

SDAIA Obtains ISO 42001 Certificate for Having Implemented Ideal AI Management Systems

SDAIA Obtains ISO 42001 Certificate for Having Implemented Ideal AI Management Systems
TT
TT

SDAIA Obtains ISO 42001 Certificate for Having Implemented Ideal AI Management Systems

SDAIA Obtains ISO 42001 Certificate for Having Implemented Ideal AI Management Systems

The Saudi Data and Artificial Intelligence Authority (SDAIA) was awarded the ISO certificate for having implemented a set of standards related to artificial intelligence (AI) management systems in accordance with the international specification “ISO 42001”, for the year 2024, SPA reported.
The prestigious certificate was given to SDAIA for having adopted the best standards and practices related to AI in several aspects, including planning, resource management, governance of operations, management of risks and opportunities, analysis of the effects associated with artificial intelligence, achieving a balance between innovation and governance, integration with legislation related to data management and information technology, and evaluation and continuous improvement for AI management system.

Most Viewed

 
 
Technology

Salesforce Gains as Software Firm Bets on AI Tools to Power Growth

The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
TT
TT

Salesforce Gains as Software Firm Bets on AI Tools to Power Growth

The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights

Shares of Salesforce gained more than 5% on Thursday as investors cheered the customer relationship management software maker's upbeat quarterly results and its artificial intelligence push to drive growth.

The company has been heavily investing to integrate its AI technologies into existing products, such as its messaging platform Slack, to enhance their capabilities and attract more customers.

"We continue to see Salesforce as an under-appreciated AI winner as its differentiated data and early success in creating/deploying GenAI agents," Reuters quoted Goldman Sachs analyst Kash Rangan as saying.

Wall Street was concerned that tempered cloud spending would affect Salesforce in a tough economy, but the software-as-a-service (SaaS) firm reported better-than-expected revenue, profit and margins in the second quarter.

Salesforce also raised its profit forecast for the year ending January 2025, as margins continue to expand, thanks to its restructuring efforts last year.

The stock is trading at 24.49 times that of Wall Street's profit expectations, compared with 52.11 for SaaS peer ServiceNow and cloud contact center firm Five9's 13.30.

Salesforce is set to add $14 billion to its market capitalization if premarket gains hold. The company's valuation stood at $248 billion as of Wednesday's close.

"We think these results alone are not good enough to drive a sustainable rally from here. For that, we need more catalysts, which could come with the new AI solutions," which are set to be showcased at its event Dreamforce and launched in October, Barclays analyst Raimo Lenschow said.

Some analysts believe that sustained growth in the coming quarters can come through customer support platform Agentforce, which is not yet commercially available.