Feb 10 (Reuters) - Cloud software seller Salesforce ( CRM )
said on Monday that it plans to invest $500 million in
Saudi Arabia related to artificial intelligence, as countries
compete to secure investments in the nascent but critical
technology.
As part of the investment, Salesforce ( CRM ) will introduce
Hyperforce, its platform architecture delivered through a
strategic partnership with Amazon Web Services, in the country.
There has been a spate of announcements of new investments
in AI, as eagerness to strongly regulate the nascent technology
has waned, especially after U.S. President Donald Trump revoked
his predecessor's 2023 executive order that had put guardrails
around the technology.
Salesforce ( CRM ) will also partner with Capgemini, Deloitte,
Globant, IBM, and PwC to expand the use of Agentforce, its
product for customer service agents. It will also provide
support in Arabic language for its AI-related product suite.
The company made the announcement on Thursday at Saudi's
global tech event, LEAP 2025, where the country attracted $14.9
biilion worth of new AI investments.
Earlier this month, Salesforce ( CRM ) said it planned to setting up
a regional headquarters in Riyadh and upskill 30,000 Saudi
citizens by 2030.