Salesforce

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Recent Articles about Salesforce
Salesforce CEO Marc Benioff. Photo by Bloomberg via Getty
Exclusive

Salesforce to Invest in Nvidia Chip Reseller at More Than $1 Billion Valuation

By Kate Clark and Stephanie Palazzolo · Feb 14, 2024 4:23pm PST · 4 comments
Nvidia’s hot streak with artificial intelligence chips, which have been in high demand globally, is also lifting a slew of companies that resell the chips. Together AI, a startup that helps AI developers access Nvidia server chips to train and tweak their AI models, is raising more than $100 million in new funding that values the... Nvidia’s hot streak with artificial intelligence chips, which have been in high demand...
Marc Benioff, CEO of Salesforce. Photo by Getty.
AI Agenda

Salesforce Shows Incumbents’ Power in AI Race

By Stephanie Palazzolo · Aug 31, 2023 7:00am PDT
In a year that’s seen one out of every four dollars of venture funding go to an artificial intelligence startup, a historically un-sexy breed of investor has dominated the field: corporations.And not just the tech behemoths. It’s no secret that Microsoft, Google, Nvidia and Oracle have collectively invested billions of dollars into AI startups... In a year that’s seen one out of every four dollars of venture funding go to an artificial...
Photo by Shutterstock.
The Briefing

Salesforce Delivers on Profits, but Growth Is Not What It Was

By Martin Peers · Aug 30, 2023 5:01pm PDT
It was a relaxed Marc Benioff who addressed Wall Street analysts on Wednesday afternoon, after Salesforce reported its July-quarter earnings. Not only did he tease a couple of his top executives on the call, but he waxed lyrical about his experience using Google’s Bard chatbot and talked up the potential of AI startups to revive San Francisco’s... It was a relaxed Marc Benioff who addressed Wall Street analysts on Wednesday afternoon, after...
Salesforce CEO Marc Benioff. Photo by Getty
Salesforce Leads Financing of AI Startup at More Than $4 Billion Valuation
By Jon Victor and Amir Efrati · Aug 22, 2023 2:04pm PDT · 1 comment
Salesforce CEO Marc Benioff. Photo by Getty
Exclusive

Salesforce Leads Financing of AI Startup at More Than $4 Billion Valuation

By Jon Victor and Amir Efrati · Aug 22, 2023 2:04pm PDT · 1 comment
Salesforce is leading a financing round in Hugging Face, one of the most highly valued startups helping businesses use artificial intelligence, at a valuation north of $4 billion, according to two people with knowledge of the situation. The roughly $200 million funding round more than doubles the share price and private valuation of the New... Salesforce is leading a financing round in Hugging Face, one of the most highly valued startups...
From left: Bret Taylor, Peter Fenton and Clay Bavor. Photo: Getty
Exclusive

Ex-Salesforce Chief Bret Taylor’s AI Startup Raises Money From Sequoia, Benchmark

By Kate Clark · Jun 21, 2023 4:02pm PDT · 5 comments
Benchmark has led the first round of funding for a three-month-old artificial intelligence startup founded by former Salesforce co-CEO Bret Taylor and ex-Google executive Clay Bavor at a valuation of over $100 million, according to a person with direct knowledge of the deal. Taylor and Bavor’s company raised at least $20 million in the... Benchmark has led the first round of funding for a three-month-old artificial intelligence...
Photo by Bloomberg
The Briefing

How Activists Proved to be Salesforce’s ‘Superpower’

By Martin Peers · May 31, 2023 5:00pm PDT
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped... These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report...
Exclusive

Salesforce’s Benioff Discussing Management Reorg

By Kevin McLaughlin · Apr 3, 2023 6:00am PDT · 1 comment
Salesforce has always been known for internal power struggles. Now, as the dust settles from the January departure of Bret Taylor as co-CEO, at least two senior executives are vying for a wider range of responsibilities, perhaps anticipating the day CEO and co-founder Marc Benioff finally steps aside. Srinivas Tallapragada, chief engineering... Salesforce has always been known for internal power struggles. Now, as the dust settles from the...