Microsoft has made an equity investment in Veeam Software, a data resilience and management company, as part of an expanded partnership aimed at enhancing AI capabilities across Veeam's portfolio. The specific amount of the investment has not been disclosed. This collaboration is expected to leverage AI to improve data protection solutions and services for enterprises, particularly benefiting the 77% of Fortune 500 companies that currently rely on Veeam for their data management needs. Additionally, Veeam is set to integrate Microsoft AI technologies into its offerings, further solidifying the partnership between the two firms. Other companies in the AI space, such as New Relic, have also been active, unveiling new innovations to enhance observability and cloud cost management for enterprises, showcasing the growing trend of AI integration in enterprise solutions.
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