ServiceNow (NOW) Announces Expansion in West Palm Beach

ServiceNow, Inc. (NYSE:NOW) is one of the 15 Best American Tech Stocks to Buy Right Now. On September 16, ServiceNow, Inc. (NYSE:NOW) announced it is expanding its presence in the city of West Palm Beach. This expansion aims to boost AI innovation, develop talent, and support economic growth in the region.

The company’s expansion plan includes a new regional innovation hub and an AI Institute. Over the next 5 years, this expansion is expected to create over 850 jobs and deliver an economic impact of $1.8 billion.

According to the report by ServiceNow, Inc. (NYSE:NOW), West Palm Beach is an emerging destination for innovation and talent. The city also offers a good business environment and is close to major customers and partners in the Southeast US.

ServiceNow, Inc.’s (NYSE:NOW) AI institute will have a dedicated space for a startup accelerator to help early-stage technology companies by offering mentorship, pilot projects, and connections. The institute will also be a part of a new Executive Briefing Center, where customers, partners, and leaders will come together to work on the future of enterprise AI.

The new location will support ServiceNow, Inc.’s (NYSE:NOW) growth in the Southeast with a strong focus on product innovation, enterprise AI development, workforce training, and customer collaboration.

ServiceNow, Inc. (NYSE:NOW) is an American software and technology company. It provides an AI platform that helps organizations digitize, automate, and manage workflows for enterprise operations.

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Disclosure: None. This article is originally published at Insider Monkey.