Salesforce.com (CRM) Stock Up, Launching AI ‘Einstein’

NEW YORK (TheStreet) — Shares of Salesforce.com  (CRM)  were higher in late afternoon trading on Wednesday as the San Francisco-based cloud solutions provider is planning to release an artificial intelligence product called “Einstein,” which it hopes will lead the company to new growth, Forbes reports.  The product is expected to be formally announced at the Salesforce’s Dreamforce conference in October, which typically draws about 170,000 people to San Francisco.  Salesforce’s launch of “Einstein” could explain why the company has purchased half a dozen artificial intelligence companies over the past two years, according to Forbes.  The move follows similar artificial intelligence expansions by Alphabet’s (GOOGL) Google and Microsoft (MSFT).  Salesforce has continued to expand its reach in the software market, acquiring word processing app Quip for $582 million earlier this month and enterprise cloud commerce provider Demandware (DWRE) for…


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