Salesforce Bets Big on AI Despite Slowing Growth
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Salesforce is positioning itself to provide data to train enterprise AI models.
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Salesforce's data cloud is growing rapidly (90% YoY) amid high demand for AI capabilities.
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While AI presents opportunities, monetizing AI products/services isn't boosting revenue yet.
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Salesforce expects single-digit revenue growth in fiscal 2025.
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Salesforce announced its first-ever dividend and an additional $10B for share buybacks.