Salesforce CEO Marc Benioff says new A.I.-enhanced products will be a 'revelation'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

CEO of Salesforce Marc Benioff told CNBC's Jim Cramer on Wednesday that artificial intelligence will be and already is a boon for the company.

Slack announced earlier this month that it plans to add a whole host of generative AI features to the program, including "Slack GPT," which can summarize messages, take notes and even help improve message tone, among other things.

"It means that Slack is going to be my assistant, my partner, my copilot, it's helping me to run my company, just as Salesforce GPT is going to let me, be my copilot in running all of my customer relationships," Benioff continued. He added that Salesforce's use of AI has already started to benefit its clients, from New York's Northwell Health hospital group to luxury retailer Gucci, which used Salesforce's AI products to enhance their call center employees' performance. Benioff stressed that Gucci's case shows that AI will enhance workers, not make them obsolete.

"We thought it's just going to make them much more productive in handling cases," Benioff said. "It actually transformed the call center agents into sales agents, into marketing agents, it gave them capabilities they did not have, it augmented them." Salesforce reported a decent quarter on Wednesday after the market's close, with profits up 68% year to date by the market's close. First-quarter revenue was $8.25 billion, comfortably exceeding the $8.18 billion estimate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Salesforce predicts record earnings, but the stock is still fallingSalesforce predicted record earnings in the second quarter and increased guidance for record annual profit Wednesday, but shares still declined more than 4%.
Source: MarketWatch - 🏆 3. / 97 Read more »

Salesforce bumps up full-year forecast but reports higher capital expenses than expectedSalesforce raised its full-year guidance and reported an earnings and revenue beat, but capital costs were higher than expected.
Source: CNBC - 🏆 12. / 72 Read more »

Salesforce posts slowest quarterly revenue growth since 2010Salesforce Inc posted an 11% rise in quarterly revenue, its slowest pace of growth in 13 years, as companies dialed back spending on cloud-based software offerings in an uncertain economy.
Source: Reuters - 🏆 2. / 97 Read more »

Xpeng CEO's wealth has plummeted 75% to $1.4 billion amid price warsA Chinese EV billionaire's wealth has plummeted 75% to $1.4 billion as aggressive price wars push customers to higher-tier cars — like Tesla or BYD
Source: BusinessInsider - 🏆 729. / 51 Read more »