Salesforce (CRM) announced plans to invest $15B in San Francisco over the next five years. The investment will support a new AI Incubator Hub on the Salesforce San Francisco campus, grow the AI ecosystem by investing in workforce development and training, and help companies transform into agentic enterprises. The news was announced just ahead of the company’s annual Dreamforce conference, which will welcome nearly 50,000 people to San Francisco October 14-16. The city and is expected to generate $130 million in local revenue and 35,000 local jobs in support of the event.
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