Salesforce Inc. shares fell 2.33% in the past month, down 18.12% year-to-date, with a modest 7.08% gain in the past year. The company's market cap decreased by $258.83 billion. CEO Marc Benioff reported that AI handles up to 50% of the workload at Salesforce with 93% accuracy. Salesforce announced an acquisition of Informatica for $8 billion, paying $25 per share. The company also pledged a $1 billion investment in Singapore to leverage its AI capabilities in addressing labor shortages due to demographic challenges.
Salesforce's stock fell by 2.33% over the past month and is down 18.12% year-to-date, despite a 7.08% gain over the past year.
CEO Marc Benioff announced that AI is now handling 50% of the workload at Salesforce, achieving approximately 93% accuracy.
Salesforce is acquiring Informatica for $8 billion, paying $25 per share for their Class A and B-1 common stock.
Salesforce pledged a $1 billion investment in Singapore, highlighting its AI product, Agentforce, as a solution for the city's labor challenges.
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