Salesforce offers matching compensation to OpenAI researchers

on Nov 20, 2023
  • Marc Benioff wants OpenAI researchers to join Salesforce Inc.
  • They will be accommodated in its Einstein Trusted AI research team.
  • Salesforce stock is currently up a whopping 70% year-to-date.

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Marc Benioff wants researchers that leave OpenAI to join Salesforce Inc (NYSE: CRM). Shares of the cloud company ended nearly 2.0% up today.  

OpenAI employees seem very much in demand

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On Monday, OpenAI had the majority of its workforce threaten to leave and join Microsoft if members of its board did not resign (find out more).

The tech behemoth has already hired Sam Altman – the top boss that OpenAI fired last week to its new advanced artificial intelligence research team. Microsoft has reportedly promised jobs to the remaining talent that chooses to quite the AI company as well.    

But it looks like MSFT will have to fight for the OpenAI employees as the Chief Executive of Salesforce just offered matching compensation to its researchers.  

“CRM” is currently up a whopping 70% versus the start of 2023.

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Salesforce had partnered with OpenAI in March

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Salesforce Inc plans on accommodating the OpenAI researchers in its Einstein Trusted artificial intelligence research team that is led by Silvio Savarese.

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Note that the California-based company had partnered with OpenAI to launch the said ChatGPT-like tool for CRM in March. It also announced a $250 million Gen AI venture capital fund earlier this year.

The news arrives only days before Salesforce is scheduled to report its Q3 financial results. Consensus is for it to earn $1.51 a share this quarter versus 73 cents per share in the same quarter last year.

Wall Street currently has a consensus “overweight” rating on shares of Salesforce Inc.


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