Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. twenty second, 2025.
Gerry Miller | CNBC
Salesforce on Wednesday announced plans to take a position $1 billion in Singapore over the following five years.
The cloud software giant said the investment is designed to speed up the country’s digital transformation and the adoption of Salesforce’s flagship AI offering Agentforce.
Salesforce is amongst the numerous technology corporations hoping to spice up revenue with generative AI features.
The corporate launched the most recent version of Agentforce last month. It has previously described the system — which it says can tackle sophisticated questions in Salesforce’s Slack communications app, based on all available data — as the primary digital AI platform for enterprises.
“Now we have had a incredible experience here. We have been here for about 25 years at Salesforce and we’re investing one other $1 billion in our operations here,” Salesforce CEO Marc Benioff told CNBC’s Sara Eisen at CONVERGE LIVE in Singapore on Wednesday.
“We do not just do sales and marketing here. We also do extremely advanced artificial intelligence development. Now we have dozens of among the best AI engineers on the planet here in our Singapore research center,” he added.
Salesforce said Agentforce may help Singapore to “rapidly expand” its labor force in several key service and public sector roles at a time when the country is grappling with an aging population and declining birth rates.
Jermaine Loy, managing director of the Singapore Economic Development Board, welcomed Salesforce’s investment, saying it is going to help to spice up the country’s efforts “to construct a vibrant hub for AI innovation.”
— CNBC’s Jordan Novet contributed to this report.
