The ODP Corporation Expands Collaboration with Microsoft to Leverage the Power of AI Technology from Microsoft Azure OpenAI Service
April 26 2023 - 8:30AM
Business Wire
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.
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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
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