Decoding Shallow SaaS Solutions: How IT Pros Can Unmask AI Washing [Forbes]
Freshworks Inc. (FRSH)
Last freshworks inc. earnings: 3/14 04:05 pm
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Source: Forbes
Well, I predict that this year shallow AI solutions will be exposed for what they really are: Impostors sporting fake name badges. Many SaaS companies marketing themselves as AI-driven may lack true AI-driven capabilities in reality. The SEC warned against " AI washing " in December and the FTC warned marketers and companies to " keep their AI claims in check " last February, but this deceptive practice will likely become prevalent as AI gains popularity and organizations seek to capitalize on the trend. Don't get me wrong, there are many real players in this game. IT pros, however, should be able to spot the difference to maintain their integrity when it comes to giving their organizations the tools they need. Savvy With A Side Of Discernment According to my company's research, 71% of IT practitioners now rely on AI to support their workloads. With this growing reliance on AI, they've also become more discerning and less easily swayed by claims of AI capabilities. Too many past
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FRSH
News
- Freshworks Inc. (NASDAQ: FRSH) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $30.00 price target on the stock.MarketBeat
- Freshworks Inc. (NASDAQ: FRSH) had its price target lowered by analysts at Piper Sandler from $28.00 to $22.00. They now have an "overweight" rating on the stock.MarketBeat
- Freshworks plunges after cutting annual revenue forecast, CEO transition [Reuters]Reuters
- Freshworks plunges after cutting annual revenue forecast, CEO transition [Yahoo! Finance]Yahoo! Finance
- Freshworks Inc. (NASDAQ: FRSH) was downgraded by analysts at Oppenheimer Holdings Inc. from an "outperform" rating to a "market perform" rating.MarketBeat
FRSH
Earnings
- 5/1/24 - Beat
FRSH
Sec Filings
- 5/1/24 - Form 8-K
- 5/1/24 - Form DEFA14A
- 5/1/24 - Form 8-K
- FRSH's page on the SEC website