Salesforce pledges to invest $1 billion in Singapore over five years in AI push

Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Salesforce on Wednesday announced plans to invest $1 billion in Singapore over the next five years. The cloud software giant said the investment is designed to accelerate the country's digital transformation and the adoption of Salesforce's flagship AI offering Agentforce. Salesforce is among the many technology companies hoping to boost revenue with generative AI features. The company launched the newest 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 first digital AI platform for enterprises. "We have had a fantastic experience here. We've been here for about 25 years at Salesforce and we're investing another $1 billion in our operations here," Salesforce CEO Marc Benioff told CNB ... Read full article.