Salesforce's weak quarterly revenue forecast signals lagging AI monetization

Business

Salesforce forecast third-quarter revenue below Wall Street estimates on Wednesday, signaling lagging monetization for its highly-touted artificial intelligence agent platform as clients dial back spending due to macroeconomic uncertainty. The cloud software provider also announced a $20 billion increase to its existing share buyback program, but that was unable to allay investors' concerns, sending Salesforce's shares down over 5 per cent in extended trading. Since OpenAI's ChatGPT launched in

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