Salesforce (CRM, Financial) CEO Marc Benioff is calling out a report that claimed the company was negotiating a $1 billion-plus cloud deal with major tech firms to support its AI workload.
According to The Information, Salesforce was in talks with Microsoft (MSFT), Google (GOOGL, Financial), and Oracle (ORCL, Financial) for a big cloud agreement. The report cited an interview with Salesforce President and Chief Engineering Officer Srini Tallapragada, suggesting the deal was in the works. Benioff wasn't having it.
He took to X to shut it down, writing, “The story in @TheInformation is incorrect.” He clarified that while Salesforce explored a fourth cloud option in 2024—alongside its current choices Amazon's (AMZN, Financial) AWS, Alibaba (BABA, Financial), and its own data centers—it ultimately chose to expand its partnership with Google instead.
Future Salesforce releases will let customers deploy Customer 360 apps, Hyperforce, Agentforce, and Data Cloud on Google's platform. While Salesforce is making big AI moves, Benioff's response makes it clear: there's no massive new cloud deal—just a deeper commitment to existing partners.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.