• Salesforce, Inc's (NYSE:CRM) former co-CEO Bret Taylor formed an artificial intelligence startup with Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGLGoogle'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 (NASDAQ: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 (NYSE:BABA) became the latest company to jump on the ChatGPT bandwagon after Microsoft Corp (NASDAQ:MSFT), Google, and Baidu, Inc (NASDAQ:BIDU).
  • Price Action: CRM shares traded higher by 1.99% at $173 premarket on the last check Thursday.
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