Salesforce Expands AI Cloud, Denies $1B Deal Talks

Salesforce CEO Marc Benioff refuted reports suggesting the company was negotiating a multi-billion-dollar cloud deal with major tech firms, affirming instead that Salesforce has opted to deepen its existing partnership with Google Cloud. This decision allows for future deployments of Salesforce applications like Customer 360 and Hyperforce on Google's infrastructure, amidst increasing demand for AI-driven workloads. The reports had speculated on negotiations with Microsoft and Oracle, but Benioff emphasized that no new large-scale agreement was in the works. Salesforce's commitment to its existing cloud strategy appears to be a central focus as the company navigates the evolving AI landscape. The market reacted to the news with a slight dip in Salesforce shares, indicating investor scrutiny of the company's cloud strategy. Overall, Salesforce maintains its position as a key player in the AI and cloud computing sectors.