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Salesforce CEO Marc Benioff says he's neighbors with OpenAI CEO Sam Altman and speaks to him regularly. Salesforce CEO Marc Benioff says that he's neighbors with OpenAI CEO Sam Altman and that the pair spoke about artificial intelligence over dinner together. "My neighbor, Sam Altman, is the CEO of OpenAI," Benioff told investors at the company's earnings call Wednesday. "But I did notice that there was only one application that he was using on his laptop, and that was Slack," Benioff told investors. Speaking about the creation of Slack GPT, Benioff told investors: "You may never need to leave Slack to get a question answered."
Persons: Marc Benioff, Sam Altman, Altman, Benioff, Slack, OpenAI, Elon Musk, Salesforce, Slack GPT, we've Organizations: Elon Locations: OpenAI, San Francisco
Generative AI will have "revolutionary" impacts, Salesforce CEO Marc Benioff told investors. Slack is almost going to like wake up and become intelligent itself," Benioff told CNBC. "We are about to enter an unbelievable super cycle for tech, and everyone can see that," Benioff told investors. "You may never need to leave Slack to get a question answered," Benioff told investors. Generative AI can help users by saving time with routine tasks, gathering and summarizing research, and conveying information concisely.
Persons: Marc Benioff, . Slack, Benioff, Salesforce, Slack, they've, Gucci, we've Organizations: CNBC, Morning, Gucci Locations: Slack
The small beat and raise are prompting some profit-taking, resulting in shares falling roughly 6% after hours Wednesday, to around $210 apiece. The best way to offset sluggish revenue growth is by driving profitability higher and Salesforce stepped up to the task. Quarterly Commentary We are pleased to see Salesforce beat across so many key metrics, despite the challenging macroeconomic environment. Although the company left its revenue prediction unchanged, at $34.5 billion to $34.7 billion, the company expects its profitability will come in better than previously anticipated. Marc Benioff, co-founder and CEO of Salesforce, speaks at an Economic Club of Washington luncheon in Washington, DC, on Oct. 18, 2019.
Persons: Refinitiv ., Salesforce, Marc Benioff, Einstein, Slack, Jim Cramer's, Jim Cramer, Jim, Nicholas Kamm Organizations: Salesforce, CNBC, Economic, Washington, AFP, Getty Locations: Americas, Europe, Africa, Asia, Washington ,
CEO of cloud software company Salesforce Marc Benioff told CNBC's Jim Cramer on Wednesday that artificial intelligence will be and already is a boon for the company, especially when it comes to one of its recently-acquired products, messaging application Slack. "It's going to be an incredible revelation for our customers, that they've got intelligence by their side with Slack." He added that Salesforce's use of AI has already started to benefit it clients, from New York's Northwell Health hospital group to luxury retailer Gucci, which used Salesforce's AI products to enhance their call center employees' performance. "It actually transformed the call center agents into sales agents, into marketing agents, it gave them capabilities they did not have, it augmented them." Salesforce reported a decent quarter on Wednesday after the market's close, with profits up 68% year-to-date by the market's close.
Persons: Marc Benioff, CNBC's Jim Cramer, Slack, Benioff, Cramer, they've, " Slack, it's, Salesforce Organizations: Health, Gucci Locations: New
CEO Marc Benioff said the company's "performance culture" is fueling that profitability. Guidance for the company's adjusted operating margins for its current fiscal year, 2024, has been raised to 28%, CEO Marc Benioff said on Salesforce's first-quarter earnings call Wednesday. That is a significant stride towards the company's goal of exceeding 30% adjusted operating margins in the next two years, a goal Insider reported in February. Profit margins improved in the first quarter largely thanks to the company's restructuring plans, which included laying off 10% of its workforce and shedding office space. Both Benioff and chief operating officer Brian Milham touted the company's "performance culture" for driving its results in the first quarter.
Persons: Salesforce, Marc Benioff, Amy Weaver, Brian Milham, Benioff, Milham, Slack, Ellen Thomas Organizations: Elliott Management, Revenue Locations: Salesforce
The logo for Slack is displayed on a trading post monitor at the New York Stock Exchange (NYSE), June 20, 2019 in New York City. Buzzy chatbot technology is coming to Slack in a new way: Slack GPT, an in-app tool that allows users to shorten and adjust message tone, summarize missed messages in channels, assist with writing, take notes on calls or "huddles," and more. For example, you might ask the chatbot to take note of everything that was said on a Slack group call. Slack GPT can also summarize the dozens of messages you've missed in a specific chat group while you were out of the office. Ali Rayl, Slack's senior vice president of product, told CNBC she estimates that the AI chatbot tools will be rolled out within the next year but declined to give more specifics on the features' rollout timeline.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Exclusive: Slack's new CEO Lidiane Jones talks new AI-integrated chatbotSlack's new CEO Lidiane Jones sits down with Frank Holland for an exclusive interview at the Salesforce World Tour event in New York. This morning Salesforce announced Slack GPT, a generative AI chatbot integrated into the platform to help users summarize conversations and generate reports.
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