TOPIC

/ company

Salesforce

The latest news, analysis and opinion on Salesforce. In-depth analysis, industry insights and expert opinion.

Chairman / President

Marc Benioff

CEO / Managing Director

Marc Benioff

CFO / Finance Director

Amy Weaver

Industry

Software

Website

salesforce.com

Headquarters address

415 Mission St 3rd Floor, United States

Stock Code

NYSE：CRM

Year founded

1999

More than 40 per cent of agentic AI products will be scrapped by 2027, according to Gartner. Photo: Reuters

Artificial intelligence

Over 40% of agentic AI projects forecast to be scrapped by 2027

Many current models do not have the maturity and agency to autonomously achieve complex business goals, Gartner analysts say.

27 Jun 2025 - 11:30AM

Artificial intelligence

Microsoft cuts hundreds more jobs after firing 6,000 last month

3 Jun 2025 - 9:54AM

China trade

China, US sign duelling deals after agreeing to trade war truce

15 May 2025 - 1:53PMvideocam

Books and literature

‘Musk was the most disappointing’: famed tech reporter blasts CEOs in book

Burn Book calls Elon Musk a malevolent narcissist and Mark Zuckerberg ‘the most damaging man in tech’, as its author, veteran Silicon Valley journalist Kara Swisher, warns about the rising dangers of AI.

3 Mar 2024 - 7:15PM

Elon Musk is called a malevolent narcissist, and Mark Zuckerberg ‘the most damaging man in tech’, by veteran Silicon Valley journalist Kara Swisher in her memoir Burn Book. Photo: Reuters

Technology

Tech industry cuts 32,000 jobs in 2024, but aggressively hiring in AI

Although economic factors are the main reason for tech lay-offs, firms are also shifting resources to focus on AI talent.

6 Feb 2024 - 3:36PM

Artificial intelligence

Time magazine owner says AI companies ripped off intellectual property

Artificial intelligence companies should standardise payments to treat content creators fairly, Salesforce CEO and Time owner Marc Benioff says.

17 Jan 2024 - 6:06PM

Artificial intelligence

ChatGPT creator OpenAI in talks to raise new funding at US$100-billion valuation

A fresh funding round would make OpenAI the second-most valuable start-up in the United States, behind Elon Musk’s Space Exploration Technologies Corp.

24 Dec 2023 - 4:26PMvideocam

OpenAI’s rocketing valuation mirrors the artificial intelligence frenzy it kicked off one year ago after releasing ChatGPT. Photo: AP

US-China relations

Are we headed for a new dynasty of US-China relations after Xi-Biden meeting?

In this issue of the Global Impact newsletter, we reflect on the meeting between Joe Biden and Xi Jinping before the Asia-Pacific Economic Cooperation (Apec) leaders’ summit in San Francisco.

27 Nov 2023 - 2:00PMvideocam

Artificial intelligence

OpenAI says Altman to return as CEO with new members on the board

The start-up's new board will be chaired by former Salesforce co-chief executive Bret Taylor and include former US Treasury Secretary Larry Summers.

23 Nov 2023 - 2:46PM

Artificial intelligence

Nearly all OpenAI staff threaten to go to Microsoft unless board quits

More than 700 of OpenAI's roughly 770 employees signed a letter, calling for all board members to resign and for fired CEO Sam Altman to be reinstated.

21 Nov 2023 - 4:08PM

Nearly all OpenAI employees have signed a letter calling for every member of the company's board to resign. Photo: Reuters

US-China relations

Chinese President Xi’s welcome mat may not be enough for US investors

Structural tensions continue to cloud the Sino-US economic relationship as companies look to diversify supply chains to other Asian countries.

24 Nov 2023 - 2:27PMvideocam

Chinese President Xi Jinping meets US President Joe Biden at Filoli Estate in Woodside, south of San Francisco, on Wednesday. Photo: EPA-EFE/Xinhua

US-China relations

Xi Jinping offers cooperation, reassurance during US business dinner

Xi Jinping tells hundreds of American business leaders in San Francisco that modernisation is a ‘huge opportunity that China offers to the world’.

16 Nov 2023 - 6:14PMvideocam

US-China tech war

Citrix owner becomes latest US software company to quit China

Cloud Software Group, the parent of cloud computing company Citrix, has announced it would stop all new commercial transactions in mainland China, Hong Kong and Macau.

9 Nov 2023 - 10:48PM

Celebrity style

How to rock billionaire style as seen at the Sun Valley conference

At this year’s Allen & Co. event, billionaires and CEOs strolled between conference sessions decked out in ‘stealth wealth’ fashion, from casual wear to subtle branding

18 Jul 2023 - 6:25PM

Bom Kim (centre), founder and CEO of Coupang, walks with investor Stan Druckenmiller and member of the Federal Reserve Board of Governors Kevin Warsh at the Allen & Company Sun Valley Conference on July 13, in Sun Valley, Idaho. Photo: AFP

Microsoft

Microsoft faces EU antitrust probe after remedies fall short, sources say

Microsoft is likely to face a European Union antitrust investigation in the coming months after remedy discussions with the EU watchdog to avert such a move appear to have hit a roadblock.

4 Jul 2023 - 4:13PM

Science

Opinion | Don’t ban students from using ChatGPT when they will have to work with AI

A ban won’t stop students from using the likes of ChatGPT, while incorporating AI tools into teaching can motivate learning. Importantly, it prepares them to work with AI when they enter the workforce.

25 May 2023 - 4:39AMvideocam

X (formerly Twitter)

Who is Twitter’s new CEO Linda Yaccarino, replacing Elon Musk?

Twitter’s new CEO Linda Yaccarino used to work as an exec at NBCU, leading sales and marketing before she left … so what else do we know about the woman set to helm the social media platform?

16 May 2023 - 5:53PMvideocam

United States

Cash App founder Bob Lee stabbed to death in San Francisco

Police said Lee, who was also chief product officer at cryptocurrency start-up MobileCoin, succumbed to injuries in a hospital.

6 Apr 2023 - 8:57AM

Technology executive Bob Lee. Photo: Twitter/crazybob

Banking & finance

Exclusive | Ping An adds property assets to investment portfolio, steers clear of developers

Ping An Insurance (Group) has increased its investments in rental income property while cutting exposure to developers after taking a massive hit on China Fortune Land Development.

16 Mar 2023 - 12:25PMvideocam

Banking & finance

Prudential, Ping An post strong sales as end of Covid-19 measures spurs growth

UK-based Prudential reports 15 per cent growth in new sales across Asia in the first two months of this year, while Ping An Insurance tallies 5 per cent sales growth in the same period.

15 Mar 2023 - 7:16PMvideocam

Google

Google workers protest job cuts, low wages after 12,000 let go

The rallies began minutes after Alphabet reported US$13.6 billion in fourth-quarter profit, which one engineer said ‘debunked its own rationale’ for cuts.

3 Feb 2023 - 10:32AM

The exterior of the Google Bay View campus on May 16, 2022, in Mountain View, California. Photo: TNS

US-China tech war

Chinese tech workers on visas struggle under Silicon Valley lay-offs

As US tech giants from Facebook to Amazon trim their payroll, many Chinese tech workers on temporary visas are scrambling to secure a new job to remain in the country.

24 Jan 2023 - 8:30AM

In this file photo, a giant digital sign is seen at Facebook’s corporate headquarters campus in Menlo Park, California. Photo: AFP

Amazon

Amazon kicks off job cuts affecting 18,000 workers

The eliminations started last year and initially fell hardest on the group behind the Alexa digital assistant and Echo smart speakers.

19 Jan 2023 - 7:06PMvideocam

United States

Microsoft lays off 10,000 of its workforce

The company said it would also be making changes to its hardware portfolio and consolidating its leased office locations.

19 Jan 2023 - 1:19AM

Amazon

Amazon to slash more than 18,000 jobs, CEO says

It’s the largest set of lay-offs in Amazon’s history, although just a fraction of its 1.5 million global workforce.

5 Jan 2023 - 11:04AM

Amazon is America’s second-largest private employer after Walmart. File photo: AFP

Trending in Hong Kong

How your workplace will be healthier, happier in 2023 – expert predictions

Julia Hobsbawm sees an end to ‘flex-shaming’, improvements to hybrid working, and more social and community office elements as the big workplace trends in 2023.

2 Jan 2023 - 4:15PM

The year 2023 will see a return of a kind for the office, but one which is organised in a very different way, predicts Julia Hobsbawm, an expert on workplace trends. Photo: Shutterstock

E-commerce

Amazon CEO says job cuts will continue into 2023

Reductions will continue into the new year as leaders adjust their staffing for Amazon’s long-term health, Andy Jassy said in his first public comments on reports the company would cut as many as 10,000 jobs.

18 Nov 2022 - 11:30AM

Fashion

‘Aspirational consumers’ curb their appetite for entry-level luxury

Entry-level luxury shoppers have other priorities than US$500 Balenciaga belts or Gucci slippers as the cost of necessities rise and their priorities change.

11 Nov 2022 - 4:15PM

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