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Reuters

Reuters

Technology

Technology

Salesforce falls after weak annual forecast puts spotlight on AI monetization

Reuters
Summary
Nutrition label

77% Informative

Salesforce shares fell over 3% before the bell on Thursday after a downbeat annual revenue and profit forecast.

Salesforce's top boss Marc Benioff has made a big effort in recent years to transition the firm beyond traditional cloud computing and toward machine learning and generative AI .

The company's weak annual revenue outlook sows doubt over the pace of monetization for Agentforce - its AI agent builder platform - as its business clouds and subscription revenue lag.

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English

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