Marc Benioff, Chairman & CEO of Salesforce, talking on CNBC’s Squawk Field exterior the World Financial Discussion board in Davos, Switzerland on Jan. twenty second, 2025.
Gerry Miller | CNBC
Salesforce on Wednesday introduced plans to take a position $1 billion in Singapore over the following 5 years.
The cloud software program big stated the funding is designed to speed up the nation’s digital transformation and the adoption of Salesforce’s flagship AI providing Agentforce.
Salesforce is among the many many expertise corporations hoping to spice up income with generative AI options.
The corporate launched the latest model of Agentforce final month. It has beforehand described the system — which it says can sort out refined questions in Salesforce’s Slack communications app, based mostly on all out there information — as the primary digital AI platform for enterprises.
Salesforce CEO Marc Benioff is scheduled to talk at CNBC’s CONVERGE LIVE at round 9:25 a.m. Singapore time (9:25 p.m. ET) on Wednesday.
“We’re in an unimaginable new period of digital labor the place each enterprise will probably be reworked by autonomous brokers that increase the work of people, revolutionizing productiveness and enabling each firm to scale with out limits,” Benioff stated in a press release.
“Singapore is on the forefront of this shift, and because the world’s largest supplier of digital labor via our Agentforce platform,” he added.
Salesforce stated Agentforce might help Singapore to “quickly develop” its labor pressure in a number of key service and public sector roles at a time when the nation is grappling with an getting old inhabitants and declining start charges.
Jermaine Loy, managing director of the Singapore Financial Improvement Board, welcomed Salesforce’s funding, saying it would assist to spice up the nation’s efforts “to construct a vibrant hub for AI innovation.”
— CNBC’s Jordan Novet contributed to this report.
