{"id":4401,"date":"2025-10-14T18:55:10","date_gmt":"2025-10-14T18:55:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/4401\/"},"modified":"2025-10-14T18:55:10","modified_gmt":"2025-10-14T18:55:10","slug":"salesforce-to-invest-15-billion-in-san-francisco-to-advance-ai","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/4401\/","title":{"rendered":"Salesforce to invest $15 billion in San Francisco to advance AI"},"content":{"rendered":"\n

Software giant Salesforce is planning to invest $15 billion in San Francisco over the next five years to strengthen the city\u2019s dominance in artificial intelligence. <\/p>\n

\u201cThis $15 billion investment reflects our deep commitment to our hometown \u2014 advancing AI innovation, creating jobs, and helping companies and our communities thrive in this incredible new era,\u201d said Salesforce Chief Executive Marc Benioff in a statement. <\/p>\n

The funding is the latest example of how the frenzy around artificial intelligence has been shining a spotlight on San Francisco, the home of major tech companies such as Salesforce and ChatGPT maker OpenAI. <\/p>\n

Benioff\u2019s remarks also came ahead of the company\u2019s Dreamforce conference in San Francisco, an event that runs through Thursday. <\/p>\n

The conference is expected to bring nearly 50,000 people to the city, generate $130 million in revenue for San Francisco and create 35,000 local jobs, Salesforce said in a news release on Monday. <\/p>\n

Last week, Benioff also told the New York Times<\/a> he thought Trump should send the National Guard to help reduce crime in San Francisco after the president said Democrats had \u201cdestroyed\u201d the city. <\/p>\n

Salesforce\u2019s multibillion-dollar investment will go toward a new hub on the company\u2019s San Francisco campus that will support workforce development and training.<\/p>\n

On social media platform X, Benioff also posted that the investment<\/a> will help \u201cbuild a greater, safer city for everyone.\u201d <\/p>\n

Salesforce, a platform that helps businesses manage customer data and track sales, is also making other commitments to San Francisco as the competition to dominate AI heats up. <\/p>\n

On Monday, the company also announced a $100-million investment in the UCSF Benioff Children\u2019s Hospital and a $39-million investment to support AI education and readiness, including in the San Francisco Unified School District and Oakland Unified School District. <\/p>\n

Salesforce has also been promoting the use of \u201cAI agents\u201d that are capable of proactively doing work without constant input from a human. Some tasks agents can complete include responding to customer questions and generating marketing materials.<\/p>\n

The rise of artificial intelligence has also been fueling anxiety about whether technology will automate certain jobs, including in customer service and software engineering, amid job cuts. <\/p>\n

In September, Benioff<\/a> said his company was able to shrink the number of people in support roles from 9,000 to 5,000 because AI agents are helping to automate certain tasks. He also previously said AI is doing 30% to 50% of the company\u2019s work.<\/p>\n

In July, the Brookings Institution called the San Francisco and San Jose metropolitan areas \u201csuperstars\u201d when it comes to AI readiness. The report noted though that more AI-ready metro areas have to be wary about AI replacing jobs as technology reshapes the way people work. <\/p>\n

The Washington, D.C., think tank examined data such as venture capital funding, AI job postings<\/a> and the number of computer science degree holders in certain areas. <\/p>\n","protected":false},"excerpt":{"rendered":"Software giant Salesforce is planning to invest $15 billion in San Francisco over the next five years to…\n","protected":false},"author":2,"featured_media":4402,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[2007,2080,5181,5183,1409,1804,5182,5180,4194,1024,592,2570,101,103,102,104,106,105,1970,1968],"class_list":["post-4401","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-francisco","tag-ai","tag-artificial-intelligence","tag-benioff","tag-chatgpt-maker-openai","tag-city","tag-company","tag-customer-datum","tag-investment","tag-job","tag-monday","tag-people","tag-salesforce","tag-san-francisco","tag-san-francisco-headlines","tag-san-francisco-news","tag-sf","tag-sf-headlines","tag-sf-news","tag-technology","tag-work"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/4401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=4401"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/4401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/4402"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=4401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=4401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=4401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}