Salesforce CEO Marc Benioff expressed skepticism regarding the substantial investments Big Tech firms have made in AI and data centers during the company's earnings call. He criticized competitors like Microsoft for their extensive spending without clear returns and asserted that Salesforce is not pursuing large-scale data center projects that could deplete cash and margins. Instead, the company aims to incorporate AI into its existing products, leveraging infrastructure developed by other companies, while promoting a more prudent approach to investment in the tech landscape.
Benioff emphasized that Salesforce is focusing on AI integration rather than building expensive data centers, prioritizing sustainable investments that ensure better returns without jeopardizing cash flow.
He criticized Big Tech's massive investments in AI by questioning their real-world impact, particularly directing his skepticism towards Microsoft's extensive spending on AI infrastructure.
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