Title:
Hello r/Stocks,
I've been trying to understand how to capitalize on the ongoing AI boom. I've been looking into ServiceNow (NYSE: NOW), which recently announced a partnership with NVIDIA (NASDAQ: NVDA).
In articles from May 17, 2023, NVDA mentioned their plan to develop enterprise-grade generative AI capabilities to enhance business processes with faster, smarter workflow automation with NOW. NVDA's technology and infrastructure will be key to developing these custom large language models specifically for NOW platform.
ServiceNow already has some AI features, but this new partnership could introduce more uses for generative AI across the enterprise. It sounds like this could make a big difference to IT departments, customer service teams, employees, and developers by strengthening workflow automation and quickly increasing productivity. It also seems like NOW will be using this new AI tech to help NVIDIA improve its own IT operations.
They're working on various applications of generative AI to improve productivity. For example, they're developing intelligent virtual assistants and agents for handling user queries and support requests, as well as tools for customer service agents for automatic issue resolution and knowledge-base article generation.
On NVIDIA's end, they're providing AI Foundations cloud services and the NVIDIA AI Enterprise software platform, which includes the NVIDIA NeMo framework. It looks like these tools will help developers build, customize, and deploy language models for different enterprise use cases.
My question to the community is this: How do you think this partnership could impact NOW' bottom line? Do you believe investing in NOW is a good way to take advantage of the AI boom, given this partnership with NVIDIA?
I'm eager to learn more about this and I appreciate any insight you all might be able to provide. Thanks!
[link] [comments] https://www.reddit.com/r/stocks/comments/13srmqq/ways_to_estimate_how_servicenow_and_nvidia/
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