| Mobile Web

Salesforce CEO says \'SaaSpocalypse\' is nonsense, AI will not erode SaaS

Salesforce has pushed back against market fears of a \"SaaSpocalypse.\" CEO Marc Benioff said the view that AI will erode the software-as-a-service business lacks basis and that advanced models rely on CRM rather than replace it. Salesforce shares jumped more than 12 percent on strong quarterly results and guidance above expectations. Benioff said 9 of the top 10 AI companies use Salesforce and Slack, with their platform spending up 435 percent year on year.