Salesforce, Inc. CRM has seen an increase in its stock price following the announcement of its intention to recruit over 1,000 new employees to aid in the sales effort for the recently launched AI product, Agentforce. This new product is aimed at meeting the rising demand for AI-driven automation in various business operations, allowing companies to deploy AI agents capable of managing tasks independently, including customer service, marketing, and order processing. Agentforce is seamlessly integrated with Salesforce’s Customer 360 platform, underlining the company’s strategic shift towards AI-powered business automation solutions.
According to reports from Bloomberg, the initial pricing model for Agentforce involves charging approximately $2 per agent conversation, with favorable feedback from early customers reinforcing the product’s potential value in enhancing operational efficiency. Salesforce's CEO, Marc Benioff, expressed enthusiasm regarding the hiring initiatives, attributing the need for expansion to the strong customer response and growing interest in Agentforce since its recent launch. Additionally, apart from the recruitment plans, Salesforce's stock performance has also been influenced by a technical signal known as a "Golden Cross," indicating bullish momentum as the short-term moving average surpasses the long-term moving average. Benioff emphasized the company's commitment to leveraging the positive reception of Agentforce, highlighting the promising growth prospects in the AI sector that Salesforce aims to capitalize on.
At the time of this report, Salesforce's shares were trading at $321.94, showing a 3.59% increase, reflecting the positive market sentiment surrounding the company's strategic moves and the increasing demand for AI-powered automation solutions like Agentforce.