Salesforce to invest $15 billion in San Francisco as AI race heats up

Group 1 - Salesforce plans to invest $15 billion in San Francisco over the next five years to enhance AI adoption and strengthen its competitive position against major tech companies [1][2] - The investment will support the establishment of a new AI incubator hub on Salesforce's San Francisco campus and assist businesses in adopting AI agents for task automation [2][4] - CEO Marc Benioff emphasized the investment reflects the company's commitment to advancing AI innovation, creating jobs, and supporting local communities [3] Group 2 - Salesforce's annual Dreamforce conference is set to take place from October 14 to October 16, expecting nearly 50,000 attendees and generating $130 million in local revenue [3] - The company has over 76,000 employees globally and recently announced a $1 billion investment in Mexico over the next five years to bolster its talent pipeline in AI [4] - Salesforce shares increased by 2.8% despite a 28% decline year-to-date, and the company launched its "Agentforce 360" AI platform globally [5]