HubSpot adds Meta executive Clara Shih to board of directors
Clara Shih, currently head of Artificial Intelligence at Meta, speaks at the 2024 Dreamforce conference on Tuesday, September 17, 2024 in San Francisco, California, USA.
David Paul Morris | Bloomberg | Getty Images
HubSpot On Wednesday, Clara Shih Meta’s Chief operating officer AI has been added to the software company’s Board of Directors.
shih joined Meta For the past year, he has led the AI product team developing AI tools for businesses, such as its digital assistant called Business AI, which launched last month. Previously CEO sales force AI.
While some parts of the tech universe are taking a big hit from the AI boom, HubSpot is in a corner of the market that’s taking a hit as investors worry about the impact of AI on future jobs. The company’s shares are down 34 percent this year, compared to the Nasdaq’s gain of 22 percent, and analysts expect revenue growth to slow this year and into 2026 as well, according to LSEG.
Like other cloud software companies, HubSpot is trying to inject AI into the business and convince Wall Street that the technology is poised to be a catalyst for efficiency and expansion.
“Clara is a remarkable leader with a deep understanding of both the transformative potential of AI and the realities of how go-to-market teams work,” HubSpot CEO Yamini Rangan said in a statement Wednesday. he said. “His experience building and scaling AI products from base model platforms to customer-facing applications will be invaluable as HubSpot continues to embed AI into our customer platform.”
Before serving as CEO of Salesforce AI in 2023, Shih led the company’s Service Cloud unit. Here Einstein expanded its generative AI capabilities with the launch of GPT and Agentforce, an AI agent developer platform.
Prior to that, Shih co-founded Hearsay Social in 2009 and served as CEO until moving into the role of executive chairman in 2020.
“HubSpot has a unique opportunity to help millions of scaling businesses leverage the power of AI to drive growth,” Shih said in the statement.
HubSpot in February rolled Its own AI tool designed to help companies analyze brand awareness on AI search engines. The company announced last week that it had acquired XFunnel, a platform that helps businesses optimize their presence on AI search engines.
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