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This $2.1 Billion AI Company Is Making Tens Of Millions In Revenue By Automating Dull Workplace Tasks

7 0
24.09.2024

Bhavin Shah, CEO and cofounder of Moveworks, says the company aims to build an AI tool that becomes a "single place where all employees can go ask questions, search and get help."

When ChatGPT launched in November 2022, company executives scrambled to figure out how to use generative AI systems to make their businesses run more efficiently. Now, after what seems like a marathon of flashy demos and announcements, they’re eager to cut through the hype and roll out tools that actually trim costs and offer a real return on investment.

Bhavin Shah, CEO and cofounder of conversational AI platform Moveworks claims that his company helps enterprises do just that. Moveworks’ AI tool automatically completes monotonous tasks like troubleshooting IT issues and submitting PTO requests and helps employees quickly search through company documents like contracts, files, workplace policies and calendars. In doing so, Shah claims the company has helped enterprises save millions of dollars by freeing up teams who can devote less time to fielding answers to basic questions and work on more important projects.

By automating the more mundane parts of HR and IT jobs, the company is seeing a scale of revenue growth that is rare among some of the most high profile generative AI startups today. Moveworks........

© Forbes


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