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News on Medial
Tariff situation should get sorted out in short term: Salesforce CEO Marc Benioff
Economic Times
·
3m ago
Medial
Salesforce CEO Marc Benioff believes the current tariff situation will be resolved soon, benefiting global operations and marking India as a key player in ongoing global transformation. In a discussion with ET, Benioff highlighted the significant role of Indian talent in Salesforce's development and emphasized the emerging importance of AI and digital labor. He predicts that AI's growth will significantly impact companies worldwide, with India poised to benefit from these technological advancements.
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Salesforce CEO Marc Benioff proclaims, ‘No question that we are going to move into an incredible moment in India’ | Mint
Livemint
·
10m ago
Medial
Salesforce CEO Marc Benioff sees India as the focal point of the global economy, calling it the "Indian era". Speaking at the company's annual 'Dreamforce' event, Benioff expressed enthusiasm about the opportunities Salesforce has in India, where it has made significant investments. The company currently employs over 11,000 people in India and expects to generate $38 billion in revenue by 2025. Benioff also praised former State Bank of India chairperson Arundhati Bhattacharya, who now leads Salesforce's operations in India. At the same event, Salesforce launched 'Agentforce', an autonomous AI tool designed to simplify business functions.
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India presents exciting opportunity, world moving into an Indian era: Salesforce chairman
Economic Times
·
10m ago
Medial
Salesforce CEO Marc Benioff spoke about India's growing importance as the world moves into an "Indian era" during the annual Dreamforce event. Benioff expressed excitement about the opportunities in India and mentioned the company's aggressive investments in the country. Salesforce has over 11,000 employees in India, serving global clients and experiencing growth in its Indian business. Benioff praised the leadership of Arundhati Bhattacharya and discussed the launch of Agentforce, an autonomous AI solution for various business functions. While acknowledging potential job losses due to AI, Benioff highlighted successful examples of repurposing employees for higher growth.
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Salesforce CEO Marc Benioff says AI can't be 'bad' like social media if it's going to be trusted
Business Insider
·
1y ago
Medial
Salesforce CEO Marc Benioff emphasized the need for AI regulation and public trust during a panel at the World Economic Forum. Comparing the lack of confidence in AI to the negative perception of social media, he stated that AI needs to cross the bridge of trust. Benioff also expressed concerns about generative AI tools and their potential to deceive. Salesforce has implemented measures to address this issue, such as human moderation and anonymization of customer data. Benioff is also discussing potential partnerships with OpenAI to license their intellectual property and content for training AI models.
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AI doing up to 50% of work at Salesforce: CEO Marc Benioff - The Economic Times
Economic Times
·
1m ago
Medial
Salesforce's CEO, Marc Benioff, revealed that AI handles 30% to 50% of the company's work, prompting a reduction in hiring and cost-saving measures, such as transitioning 500 customer service staff to different roles. This AI-driven productivity gains have led to significant workforce adjustments, including over 1,000 job cuts this year. While Salesforce plans to expand its sales team, it has paused technical hiring. Benioff joked about AI potentially replacing his role, highlighting automation's transformative impact.
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US tech firm Salesforce to invest $1 billion in Singapore
Economic Times
·
4m ago
Medial
Salesforce plans a $1 billion investment in Singapore over five years to boost AI agents in the workforce. This move aims to address Singapore's declining birthrate and aging population by accelerating AI adoption through Agentforce, which helps businesses automate tasks beyond preset chatbots. CEO Marc Benioff highlights the transformative potential of AI agents in productivity and scaling businesses. Salesforce has operated in Singapore for 25 years, focusing on AI development with top engineers in its research center.
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Salesforce's new data and AI hires are coming from areas of the country with 'high talent pools, low cost of living'
Business Insider
·
1y ago
Medial
Salesforce has seen an increase in its employee count, reporting 72,682 employees as of January 31, up from 70,843 in the previous quarter. The company plans to hire more people as it shifts its focus to artificial intelligence. In 2023, Salesforce laid off around 8,000 employees as part of a restructuring effort. The new hires are being made in a cost-effective manner, targeting areas with high talent pools and lower cost of living. This strategy is similar to that of Oracle, where Salesforce CEO Marc Benioff started his career.
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OpenAI researchers get job offers from Salesforce CEO, Sam Altman replies
Livemint
·
1y ago
Medial
Salesforce CEO Marc Benioff has offered to match the cash and equity of OpenAI researchers, trying to attract them to join his company's Einstein AI research team. Benioff's offer came amid the controversy surrounding the control of OpenAI. He even responded to OpenAI employees threatening to join Microsoft, assuring them that they won't have to use Microsoft Teams at Salesforce and can use Slack instead. Meanwhile, former OpenAI CEO Sam Altman stated that all of his former employees will be working together in some capacity, expressing unity and commitment.
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Salesforce CEO Marc Benioff, Shopify, Neal H. Moritz Invest in Whalar Group at $400 Million Valuation to Boost Creator Economy | DeepNewz VC
Business Bytes
·
2m ago
Medial
Whalar Group has received a strategic investment from Salesforce CEO Marc Benioff, Shopify, and film producer Neal H. Moritz. This investment is aimed at advancing the next phase of the creator economy, supporting the company's mission to enhance opportunities and solutions in the influencer marketing space. The collaboration signifies a significant boost for Whalar, empowering it to further innovate and expand its offerings in the rapidly evolving digital and marketing landscapes.
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Expert warns UK trade deal may curb India’s policy flexibility
Inshorts
·
2m ago
Medial
India's free trade agreement with the UK may bring short-term export gains but could limit domestic policy flexibility in the long term, warns trade expert Abhijit Das. Key concerns include non-trade clauses on labour and environment, lowered tariff barriers, and stricter IPR norms. Analysts say that structural reforms at home remain more critical for sustained export growth.
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Indian semiconductor firms see little impact of Trump's tariff threat
Economic Times
·
5m ago
Medial
India is not expected to face significant short-term impacts from the proposed 25% tariff on semiconductor imports announced by the Trump administration, as the country is not a major semiconductor exporter to the U.S. The Indian Electronics and Semiconductors Association suggests that while global consequences might ensue, related to costs and innovation, India’s semiconductor import duty remains zero, minimizing immediate reciprocal tariff concerns. The domestic industry remains cautious regarding future investments.
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