Salesforce CEO Marc Benioff is enthusiastic about the company's new AI agent platform, Agentforce, which has already secured 200 deals in its first quarter. The platform is expected to significantly boost Salesforce's revenue, with projections now reaching $37.8 to $38 billion for the fiscal year. Benioff envisions AI agents as digital collaborators that can work continuously, potentially transforming the workforce landscape. Despite the rise of AI, Salesforce plans to hire 1,400 salespeople to meet the growing demand for Agentforce, highlighting a blend of human and AI collaboration in the enterprise sector.
Generative AI is set to revolutionize enterprise applications, leading to a shift from "system of record" to "system of engagement" applications. The first wave of generative AI applications has already emerged, but they often lack enduring value due to limited workflow or functionality. The second wave will integrate structured and unstructured data from system-of-record and system-of-engagement applications. The third wave will create a "system of intelligence" layer, leveraging generative AI to enhance product experiences through deep integration, data characterization, and feedback loops. These system-of-intelligence products will provide enduring value and face competition from incumbents. The transformation of the AI space is accelerating, and it's up to founders to build enduring products that will have an extraordinary impact on enterprises.
Adobe has announced new enterprise applications for its Firefly software for generative artificial intelligence, which will enable employees across an organization to generate "beautiful, on-brand, ready-to-share content." The company also plans to allow businesses to custom-train Firefly with their own branded assets. On the stock market, Adobe's stock rose 5% and is approaching a buy point of 451.15 out of a cup base. Two Wall Street analysts have raised their price targets on ADBE stock.
