Salesforce Chairman and CEO Marc Benioff spoke at CNBC’s Squawk Box on January 22, 2025 outside the World Economic Forum in Davos, Switzerland.
Jerry Miller | CNBC
Salesforce On Wednesday, it announced plans to invest $1 billion in Singapore over the next five years.
The Cloud Software giant said the investment was designed to accelerate the adoption of AgentForce, with the country’s digital transformation and the adoption of Salesforce’s flagship AI.
Salesforce is one of many tech companies that want to increase revenue with generative AI capabilities.
The company launched its latest version of AgentForce last month. Previously, it states that the system can first be a digital AI platform, addressing sophisticated questions in Salesforce’s Slack Communications app based on all available data.
“We had a great experience here. We’ve been here for about 25 years at Salesforce and have invested another $1 billion here,” Salesforce CEO Marc Benioff told CNBC’s Sara Eisen on Wednesday at Converge Live in Singapore.
“We’re not just selling and marketing here, we’re also doing very advanced artificial intelligence development. We have dozens of the world’s finest AI engineers at our research centre in Singapore,” he added.
Salesforce said AgentForce will help Singapore “spearably expand” its workforce in several key services and public sector roles at a time when the country is working to lower its elderly population and fertility rates.
Jermaine Loy, managing director of the Singapore Economic Development Committee, welcomed Salesforce’s investments and said it would help boost the country’s efforts to “build a vibrant hub for AI innovation.”
– CNBC’s Jordan Novel contributed to this report.
