Salesforce CFO explains how AI will impact the tech giant

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Salesforce CFO and President Amy Weaver (CRM) sits down with Yahoo Finance's Brian Sozzi at Salesforce’s 2023 Dreamforce Conference to share her thoughts on all things AI and how Salesforce is at the forefront of the AI revolution. On what AI means for Salesforce's bottom line, Weaver notes that while the company was able to raise guidance, AI is not "part of our guide for this year," but will have an impact in the future. When it comes to operating margins, Weaver says that 30% operating margins are the floor, not the ceiling. Weaver says the gains are coming mainly from "tough decisions around headcount, tough decisions about real estate, but we're also bringing a new discipline around spending and your seeing that pay off in our margins."Weaver also expressed her excitement around the multimillion-dollar investment in public education from Salesforce. Weaver emphasizes the need for this investment to "get the (AI) technology in the hands of students" and hopefully these students will become "future employees." Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: Connect with Yahoo Finance: Get the latest news: Find Yahoo Finance on Facebook: Follow Yahoo Finance on Twitter: Follow Yahoo Finance on Instagram: Follow Yahoo Finance Premium on Twitter:
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