Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries The ODP Corporation Expands Collaboration with Microsoft to Leverage the Power of AI Technology from Microsoft Azure OpenAI Service By: The ODP Corporation via Business Wire April 26, 2023 at 08:30 AM EDT ODP's collaboration with Microsoft to include Microsoft Azure OpenAI Service to enhance customer experience, drive additional operational efficiencies, and create a sustainable competitive advantage The ODP Corporation (“ODP,” or the “Company”) (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions to businesses and consumers, today announced that it is expanding its longstanding relationship with Microsoft to include Microsoft Azure OpenAI Service advanced artificial intelligence technology to enhance customer experience, drive operational efficiencies, and more effectively pursue growth opportunities. Recognizing Azure’s immense potential, ODP has been working with Microsoft to migrate legacy systems and to build out its customer-facing platforms, including its Varis digital procurement ecosystem and Business Central integration, on Microsoft Azure. This collaboration has enabled ODP to leverage the power of Azure’s scalable cloud infrastructure, improving the speed, reliability, and security of its online services and applications. ODP is now expanding this relationship to include Microsoft Azure OpenAI Service advanced artificial technology capabilities. Through this collaboration, ODP is harnessing the power of Microsoft Azure OpenAI, including ChatGPT hosted securely on Azure, to further improve customer experience, streamline internal operations, and position the Company to pursue growth opportunities more efficiently. “We’re excited to expand our collaboration with Microsoft to harness the power of Azure OpenAI Services, including ChatGPT,” said Gerry Smith, Chief Executive Officer of The ODP Corporation. “This technology will enable continued transformation in our business, driving additional operational efficiencies consistent with our low-cost business model, and positioning us to deliver greater value to customers while more effectively pursuing growth opportunities. Our relationship with Microsoft positions ODP to be at the forefront of innovation, enhancing our digital capabilities and creating a sustainable competitive advantage for the future.” “We are delighted that ODP has chosen Microsoft Azure OpenAI service as its solution for integrating transformational AI capabilities into critical business processes and systems,” said Eric Boyd, Corporate Vice President of Azure AI Platform at Microsoft Corp. “Through our deepened relationship, we will partner more closely with ODP to take advantage of generative AI, to drive innovation, increase productivity and enhance the experience of ODP’s customers.” About The ODP Corporation The ODP Corporation (NASDAQ:ODP) is a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, which includes world-class supply chain and distribution operations, dedicated sales professionals, a B2B digital procurement solution, online presence and a network of Office Depot and OfficeMax retail stores. Through its operating companies Office Depot, LLC; ODP Business Solutions, LLC; Veyer, LLC; and Varis, Inc., The ODP Corporation empowers every business, professional, and consumer to achieve more every day. For more information, visit theodpcorp.com. ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. Office Depot is a trademark of The Office Club, Inc. OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of Veyer, LLC. Varis is a trademark of Varis, Inc. Grand&Toy is a trademark of Grand & Toy, LLC in Canada. Any other product or company names mentioned herein are the trademarks of their respective owners. View source version on businesswire.com: https://www.businesswire.com/news/home/20230426005391/en/Contacts Tim Perrott Investor Relations 561-438-4629 Tim.Perrott@theodpcorp.com Danny Jovic Media Relations 561-438-1594 Danny.Jovic@officedepot.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
The ODP Corporation Expands Collaboration with Microsoft to Leverage the Power of AI Technology from Microsoft Azure OpenAI Service By: The ODP Corporation via Business Wire April 26, 2023 at 08:30 AM EDT ODP's collaboration with Microsoft to include Microsoft Azure OpenAI Service to enhance customer experience, drive additional operational efficiencies, and create a sustainable competitive advantage The ODP Corporation (“ODP,” or the “Company”) (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions to businesses and consumers, today announced that it is expanding its longstanding relationship with Microsoft to include Microsoft Azure OpenAI Service advanced artificial intelligence technology to enhance customer experience, drive operational efficiencies, and more effectively pursue growth opportunities. Recognizing Azure’s immense potential, ODP has been working with Microsoft to migrate legacy systems and to build out its customer-facing platforms, including its Varis digital procurement ecosystem and Business Central integration, on Microsoft Azure. This collaboration has enabled ODP to leverage the power of Azure’s scalable cloud infrastructure, improving the speed, reliability, and security of its online services and applications. ODP is now expanding this relationship to include Microsoft Azure OpenAI Service advanced artificial technology capabilities. Through this collaboration, ODP is harnessing the power of Microsoft Azure OpenAI, including ChatGPT hosted securely on Azure, to further improve customer experience, streamline internal operations, and position the Company to pursue growth opportunities more efficiently. “We’re excited to expand our collaboration with Microsoft to harness the power of Azure OpenAI Services, including ChatGPT,” said Gerry Smith, Chief Executive Officer of The ODP Corporation. “This technology will enable continued transformation in our business, driving additional operational efficiencies consistent with our low-cost business model, and positioning us to deliver greater value to customers while more effectively pursuing growth opportunities. Our relationship with Microsoft positions ODP to be at the forefront of innovation, enhancing our digital capabilities and creating a sustainable competitive advantage for the future.” “We are delighted that ODP has chosen Microsoft Azure OpenAI service as its solution for integrating transformational AI capabilities into critical business processes and systems,” said Eric Boyd, Corporate Vice President of Azure AI Platform at Microsoft Corp. “Through our deepened relationship, we will partner more closely with ODP to take advantage of generative AI, to drive innovation, increase productivity and enhance the experience of ODP’s customers.” About The ODP Corporation The ODP Corporation (NASDAQ:ODP) is a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, which includes world-class supply chain and distribution operations, dedicated sales professionals, a B2B digital procurement solution, online presence and a network of Office Depot and OfficeMax retail stores. Through its operating companies Office Depot, LLC; ODP Business Solutions, LLC; Veyer, LLC; and Varis, Inc., The ODP Corporation empowers every business, professional, and consumer to achieve more every day. For more information, visit theodpcorp.com. ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. Office Depot is a trademark of The Office Club, Inc. OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of Veyer, LLC. Varis is a trademark of Varis, Inc. Grand&Toy is a trademark of Grand & Toy, LLC in Canada. Any other product or company names mentioned herein are the trademarks of their respective owners. View source version on businesswire.com: https://www.businesswire.com/news/home/20230426005391/en/Contacts Tim Perrott Investor Relations 561-438-4629 Tim.Perrott@theodpcorp.com Danny Jovic Media Relations 561-438-1594 Danny.Jovic@officedepot.com
ODP's collaboration with Microsoft to include Microsoft Azure OpenAI Service to enhance customer experience, drive additional operational efficiencies, and create a sustainable competitive advantage
The ODP Corporation (“ODP,” or the “Company”) (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions to businesses and consumers, today announced that it is expanding its longstanding relationship with Microsoft to include Microsoft Azure OpenAI Service advanced artificial intelligence technology to enhance customer experience, drive operational efficiencies, and more effectively pursue growth opportunities. Recognizing Azure’s immense potential, ODP has been working with Microsoft to migrate legacy systems and to build out its customer-facing platforms, including its Varis digital procurement ecosystem and Business Central integration, on Microsoft Azure. This collaboration has enabled ODP to leverage the power of Azure’s scalable cloud infrastructure, improving the speed, reliability, and security of its online services and applications. ODP is now expanding this relationship to include Microsoft Azure OpenAI Service advanced artificial technology capabilities. Through this collaboration, ODP is harnessing the power of Microsoft Azure OpenAI, including ChatGPT hosted securely on Azure, to further improve customer experience, streamline internal operations, and position the Company to pursue growth opportunities more efficiently. “We’re excited to expand our collaboration with Microsoft to harness the power of Azure OpenAI Services, including ChatGPT,” said Gerry Smith, Chief Executive Officer of The ODP Corporation. “This technology will enable continued transformation in our business, driving additional operational efficiencies consistent with our low-cost business model, and positioning us to deliver greater value to customers while more effectively pursuing growth opportunities. Our relationship with Microsoft positions ODP to be at the forefront of innovation, enhancing our digital capabilities and creating a sustainable competitive advantage for the future.” “We are delighted that ODP has chosen Microsoft Azure OpenAI service as its solution for integrating transformational AI capabilities into critical business processes and systems,” said Eric Boyd, Corporate Vice President of Azure AI Platform at Microsoft Corp. “Through our deepened relationship, we will partner more closely with ODP to take advantage of generative AI, to drive innovation, increase productivity and enhance the experience of ODP’s customers.” About The ODP Corporation The ODP Corporation (NASDAQ:ODP) is a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, which includes world-class supply chain and distribution operations, dedicated sales professionals, a B2B digital procurement solution, online presence and a network of Office Depot and OfficeMax retail stores. Through its operating companies Office Depot, LLC; ODP Business Solutions, LLC; Veyer, LLC; and Varis, Inc., The ODP Corporation empowers every business, professional, and consumer to achieve more every day. For more information, visit theodpcorp.com. ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. Office Depot is a trademark of The Office Club, Inc. OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of Veyer, LLC. Varis is a trademark of Varis, Inc. Grand&Toy is a trademark of Grand & Toy, LLC in Canada. Any other product or company names mentioned herein are the trademarks of their respective owners. View source version on businesswire.com: https://www.businesswire.com/news/home/20230426005391/en/
Tim Perrott Investor Relations 561-438-4629 Tim.Perrott@theodpcorp.com Danny Jovic Media Relations 561-438-1594 Danny.Jovic@officedepot.com