KUALA LUMPUR, March 14 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) ended the week slightly higher, in line with regional indices despite the weaker performance on Wall Street overnight. At 5 pm, the FBM KLCI rose 2.12 points or 0.14 per cent to 1,512.15 from Thursday’s close of 1,510.03. The market bellwether opened 10.08 points lower at 1,499.95, and moved between 1,493.29 and 1,516.25 throughout the day. On the broader market, gainers outpaced losers with 680 to 292, while 437 counters were unchanged, 1,009 untraded, and 13 suspended. Turnover was marginally lower at 3.24 billion units worth RM2.5 billion from 3.25 billion units worth RM2.90 billion on Thursday.
Salesforce Inc. has announced plans to invest US$1 billion (RM4.43 billion) in Singapore over the next five years, continuing its commitment to Southeast Asia. The investment will focus on expanding its products, particularly its new artificial intelligence (AI) platform.
Key Highlights:
AI Expansion: The investment will help expand products like Agentforce, Salesforce’s AI-driven platform designed to handle tasks like customer service without human intervention. Launched in October, Agentforce has already been adopted by customers like Singapore Airlines Ltd.
Singapore as an AI Hub: Salesforce has had a presence in Singapore for nearly two decades and is using the city as a base for its AI research hub. The company views Singapore as a key player in the global AI and roboticslandscape, with CEO Marc Benioff stating that Singapore is poised to lead in the AI revolution.
Competitive Landscape: Salesforce faces strong competition from rivals like Microsoft Corp. and ServiceNow Inc., which are also pursuing similar AI-driven customer management solutions.
Looking Ahead:
Salesforce’s substantial investment in Singapore aligns with its broader strategy to capitalize on the growing demand for AI technology in customer management, marking a pivotal moment in the company's global growth efforts.
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