Latest / The Official SaaStr Podcast: SaaS | Founders | Investors / AI and the Future of Enterprise: A SaaStr Deep Dive with Marc Benioff
Transcript
- 0:00I'm the last generation of CEOs to say,
- 0:03maybe you are too,
- 0:04that we only had human employees.
- 0:07SPEAKER_00: Even now, I work with agents every day to make Salesforce better.
- 0:11SPEAKER_00: And I train my employees to do that too.
- 0:13I created this V2 mom process when I was at Oracle and have
- 0:17used that to guide
- 0:18SPEAKER_00: Salesforce for many years.
- 0:20SPEAKER_00: And now for almost three years, when I write a V2 mom,
- 0:25SPEAKER_00: One, I always have a Salesforce executive with me.
- 0:28SPEAKER_00: And two, I now have an agent with me as well.
- 0:32So that idea that it's the three of us working together,
- 0:35I like having an AI partner.
- 0:37SPEAKER_00: I think it helps expand my own consciousness.
- 0:40SPEAKER_00: It gives me a little more enlightenment myself.
- 0:43SPEAKER_01: Hey, everybody at Sastr.
- 0:45SPEAKER_01: We have a treat today after 12 years of Sastr content,
- 0:49SPEAKER_01: 10,000 posts,
- 0:49SPEAKER_01: 2,000 Sastr annual sessions.
- 0:53SPEAKER_01: I added over 100,000 LinkedIn posts,
- 0:54SPEAKER_01: almost 1,000 podcasts,
- 0:56SPEAKER_01: especially the ones that Harry Stebbins did for us in the other days.
- 0:58SPEAKER_01: He's done a lot with Mark.
- 1:00SPEAKER_01: We have the OG,
- 1:01SPEAKER_01: we have Mark Benioff today to talk about a bunch of things,
- 1:05SPEAKER_01: but I want to do a really practical discussion about AI and B2B,
- 1:08SPEAKER_01: the real stuff at the application level.
- 1:10SPEAKER_01: Mark, thank you so much for making time for your busy schedule.
- 1:14I'm a huge fan and I'm so thrilled to be here with you and
- 1:17looking forward to the discussion.
- 1:19Okay,
- 1:20before we get there,
- 1:20I want to talk about today and the future a bit.
- 1:23SPEAKER_01: But one thing, you're at 40 billion AR plus or minus.
- 1:26SPEAKER_01: I know AR isn't GAAP, but you're right about there, right?
- 1:29SPEAKER_00: I think we did give guidance at about 40.9 billion for this year.
- 1:33SPEAKER_00: Yeah.
- 1:34SPEAKER_00: I don't know, something like 12 or 13 or 14 billion in cash flow.
- 1:37SPEAKER_00: How does it feel?
- 1:40SPEAKER_00: Feels exactly like day one.
- 1:42SPEAKER_00: You don't think about those things.
- 1:43SPEAKER_00: It's like completely irrelevant.
- 1:46SPEAKER_00: Those aren't the things that are important.
- 1:48SPEAKER_00: It is amazing, but those aren't the most important things.
- 1:51SPEAKER_01: Once in a while, I think we almost forget to celebrate milestones, right?
- 1:54SPEAKER_01: Because there's always another quarter, another year.
- 1:56SPEAKER_01: But I don't know.
- 1:56As someone who's been doing it for a while,
- 1:58I do think it's pretty neat in its own way.
- 2:00SPEAKER_00: I'm not a celebration guy.
- 2:01SPEAKER_00: That isn't how I... No, I don't really...
- 2:06SPEAKER_00: that are very important.
- 2:07SPEAKER_00: Like yesterday was an important moment.
- 2:09SPEAKER_00: We had an incredible Tableau user conference in San Diego.
- 2:15SPEAKER_00: We had 9,000 folks there.
- 2:16SPEAKER_00: It was awesome.
- 2:18SPEAKER_00: And the thing about Tableau is it's a company that I always loved.
- 2:22SPEAKER_00: It's a product I always loved.
- 2:24SPEAKER_00: I always loved the space.
- 2:25SPEAKER_00: I always loved analytics.
- 2:26SPEAKER_00: I always loved business intelligence.
- 2:28SPEAKER_00: And then we were able to buy the company,
- 2:30SPEAKER_00: which was a moment in time that we were able to do that.
- 2:33And then we've been able to grow it really aggressively since
- 2:37we bought it.
- 2:37And then we introduced this new product yesterday,
- 2:40which is basically a completely new product.
- 2:43So inspired by the original founders of Tableau and the brand
- 2:47and the name.
- 2:48SPEAKER_00: but then delivering this amazing new platform,
- 2:52SPEAKER_00: really,
- 2:52that's all about apps and agents and AI and you and how it all
- 2:57works together for our,
- 2:58SPEAKER_00: we call our data fam,
- 3:00SPEAKER_00: which is the community around Tableau.
- 3:02SPEAKER_00: So that's a moment that I'm willing to celebrate.
- 3:05SPEAKER_00: That's a good one.
- 3:06SPEAKER_00: I couldn't believe it.
- 3:07SPEAKER_00: I've been waiting for that because I've always loved the product,
- 3:11but there were parts of the product that it didn't have that I
- 3:14always wanted.
- 3:15And so that's exciting for me to be able to create the value
- 3:19for the customers.
- 3:20SPEAKER_00: And so I'm willing to celebrate that.
- 3:22SPEAKER_01: Okay, congratulations.
- 3:24SPEAKER_01: How long was it on, let's actually talk about M&A.
- 3:27SPEAKER_01: It wasn't on my list, but it's so impressive what you've done with M&A.
- 3:30How long was Tableau on your want list before you were able to
- 3:33make the deal happen?
- 3:34Oh,
- 3:34forever,
- 3:35because there's only certain brands that really are meaningful
- 3:38in our industry.
- 3:39SPEAKER_00: And that's one.
- 3:40SPEAKER_00: And look, it's going to trade once.
- 3:42SPEAKER_00: So you have to decide, is this going to be part of your solution?
- 3:46And the way I've always looked at it is that idea of business
- 3:49intelligence analytics,
- 3:50SPEAKER_00: and even in the era of AI that we're in right now,
- 3:53SPEAKER_00: you can see with this new agentic front end.
- 3:55This vision of agentic analytics combined with the marketplace
- 4:00of apps and the
- 4:02SPEAKER_00: semantic layer,
- 4:03SPEAKER_00: the ability to talk to Tableau in this incredible new way,
- 4:07SPEAKER_00: it's just beautiful.
- 4:08SPEAKER_00: And so I'm very excited about that.
- 4:10SPEAKER_01: Yeah, AI just analytics...
- 4:13SPEAKER_01: It's one of the most important things in enterprise software,
- 4:16but it's been so limited to needing an analyst or someone that
- 4:19can run it for you.
- 4:20SPEAKER_00: A product that I loved, I used, I always, I admired.
- 4:24SPEAKER_00: At times I was jealous of it.
- 4:26And now it's been part of Salesforce,
- 4:28I don't know,
- 4:28for about seven years or something.
- 4:30SPEAKER_00: But it takes a while after you buy the product to then...
- 4:34SPEAKER_00: You're evolving the management team.
- 4:36SPEAKER_00: You are really looking at what are all the different pieces that are,
- 4:41SPEAKER_00: I would say,
- 4:42SPEAKER_00: relevant for the customers.
- 4:43SPEAKER_00: You have to understand the community.
- 4:46SPEAKER_00: You have to understand why they are successful as a company.
- 4:49SPEAKER_00: And look, let's put in that category Slack.
- 4:51SPEAKER_00: We all use Slack.
- 4:52SPEAKER_00: We've always been using Slack.
- 4:53SPEAKER_00: Everyone loves Slack.
- 4:54SPEAKER_00: Right now I'm on Slack.
- 4:55SPEAKER_00: And so am I. And guess what?
- 4:58SPEAKER_00: This moment.
- 4:59SPEAKER_00: That is very important that we need to be able to
- 5:04SPEAKER_00: Bring that same solution, but it's not the same old Slack.
- 5:07We are incrementally taking the same playbook where it's all
- 5:11about you and agents
- 5:13SPEAKER_00: and Slack working together.
- 5:15SPEAKER_00: And that's what's going to be cool.
- 5:17It's already actually in there,
- 5:18but it's incredible the fundamental direction of Slack with AI.
- 5:22SPEAKER_00: Slack and AI, those are two ideas that were really made for each other.
- 5:27SPEAKER_01: Yeah, for sure.
- 5:27I'm excited because we all live in Slack and it should just do,
- 5:31it should be my meta agent.
- 5:33SPEAKER_01: It should be my meta agent for everyone at the company.
- 5:35SPEAKER_01: Even if I don't,
- 5:36SPEAKER_01: even if I'm not in Tableau,
- 5:37SPEAKER_01: I'm not even in Salesforce,
- 5:39SPEAKER_01: Slack should be my meta agent for all that data.
- 5:40SPEAKER_01: Yeah.
- 5:41And my vision is if you're in Slack,
- 5:43you are in Tableau and you are in Salesforce.
- 5:44SPEAKER_00: Yeah, exactly.
- 5:45SPEAKER_00: Right.
- 5:46SPEAKER_00: There shouldn't be, it shouldn't be modal.
- 5:48SPEAKER_00: That was something that I always learned from Steve Jobs.
- 5:51But it's incredibly hard to execute because you're buying
- 5:54something and you're
- 5:55SPEAKER_00: acquiring something.
- 5:56SPEAKER_00: It means that it's been built with a whole different approach.
- 5:59SPEAKER_00: But this is possible.
- 6:00SPEAKER_00: And I think the Tableau really got there yesterday.
- 6:04And if you have a chance to look at the demos,
- 6:06I think you'll be pretty impressed.
- 6:07SPEAKER_01: I will do more and we will write it up.
- 6:10SPEAKER_01: But M&A, so MuleSoft last quarter, 22% growth.
- 6:14SPEAKER_01: after years after you bought it, right?
- 6:16SPEAKER_01: Tableau 16, Slack.
- 6:18SPEAKER_01: Everyone has their opinions on Slack because we all use it, right?
- 6:21SPEAKER_01: Everyone's got an opinion.
- 6:22SPEAKER_01: 17% after you bought it.
- 6:24SPEAKER_01: In all seriousness...
- 6:25SPEAKER_01: You're going to lose the,
- 6:26SPEAKER_01: even if you had founders at these companies,
- 6:28SPEAKER_01: you're going to lose the DNA.
- 6:29SPEAKER_01: How do you bridge that gap?
- 6:31SPEAKER_01: Because Salesforce is successful because you're running it.
- 6:34SPEAKER_01: How do you bridge the founder DNA when you buy it?
- 6:36SPEAKER_00: These are big revenue lines.
- 6:37SPEAKER_00: These are not small.
- 6:38SPEAKER_00: I mean, they're all billions.
- 6:39SPEAKER_00: Yep.
- 6:39SPEAKER_00: They're in the billions.
- 6:41And so when you're,
- 6:42there aren't that many software products in the billions.
- 6:46SPEAKER_00: And these are,
- 6:47SPEAKER_00: and I think that Slack had a huge year last year,
- 6:50SPEAKER_00: not only because the product is great,
- 6:52SPEAKER_00: competition let their guard down,
- 6:54SPEAKER_00: I think,
- 6:54SPEAKER_00: a little bit.
- 6:55But number two is that we changed our distribution model for
- 6:59Slack last year.
- 7:00SPEAKER_00: Nobody really saw that,
- 7:02SPEAKER_00: which is that we allow all of our sales force to sell it,
- 7:06SPEAKER_00: get quota credit for it,
- 7:07SPEAKER_00: to basically make it a peer product with the rest of our products.
- 7:12SPEAKER_00: And it was amazing.
- 7:14SPEAKER_00: a huge supercharge for the product.
- 7:16SPEAKER_00: And I'll tell you why it's exciting,
- 7:17SPEAKER_00: because up to that point,
- 7:19SPEAKER_00: we were trying to keep it how it was,
- 7:22SPEAKER_00: give them more reps,
- 7:24SPEAKER_00: more of this,
- 7:24SPEAKER_00: invest in it,
- 7:25SPEAKER_00: run it as a separate company.
- 7:27SPEAKER_00: But then eventually we just hit the button and said,
- 7:29SPEAKER_00: you know what,
- 7:30SPEAKER_00: this thing is amazing,
- 7:32SPEAKER_00: but it needs to come together with our entire platforms.
- 7:36SPEAKER_00: And you're going to see that incrementally,
- 7:37SPEAKER_00: especially as we get to Dreamforce,
- 7:39SPEAKER_00: how all the things that are critical with Slack are really...
- 7:42SPEAKER_00: going to be deeply integrated with Salesforce as well.
- 7:45SPEAKER_01: Yeah.
- 7:46Is there,
- 7:46and just,
- 7:47is there in the deep enterprise is teams really even a competitor?
- 7:51SPEAKER_01: Is this a social media fiction or is it a real competitor?
- 7:55You can see the horrible things that Microsoft did to Slack
- 7:58before we bought it.
- 7:59SPEAKER_00: And that was pretty bad.
- 8:01SPEAKER_00: Pretty bad, yeah.
- 8:02SPEAKER_00: And they were running their playbook and did a lot of dark stuff.
- 8:06And it's all got written up in an EU complaint that Slack made
- 8:11before we bought them.
- 8:13SPEAKER_00: And you never really know what Microsoft is going to do.
- 8:17SPEAKER_00: But that was pretty nasty.
- 8:18SPEAKER_00: And I really...
- 8:21I don't really admire what Microsoft did with Slack and how
- 8:25they used a lot of
- 8:27their assets to really try to attack them when Slack wasn't
- 8:32really going up against Microsoft.
- 8:34So to do these things,
- 8:35I did not find them to be on the up and up,
- 8:38I would say.
- 8:39SPEAKER_01: Yeah, it was an odd time.
- 8:40SPEAKER_01: 2021 is like a generation before AI, right?
- 8:44It's almost a different world where it seemed Slack and Zoom
- 8:47probably seemed like
- 8:47SPEAKER_01: these huge,
- 8:48SPEAKER_01: they were going to bring down Microsoft.
- 8:50SPEAKER_01: And it's ridiculous to think about that today.
- 8:51SPEAKER_01: You should support these applications.
- 8:53SPEAKER_01: But in 2021, they seemed like they were taking over the world.
- 8:56SPEAKER_00: You can see that playbook being used.
- 8:58SPEAKER_00: We saw it on Netscape.
- 8:59SPEAKER_00: We saw it on many things over time.
- 9:02SPEAKER_00: And that playbook should get ripped up and thrown away.
- 9:08SPEAKER_01: Yeah, yeah.
- 9:09There is an inherent aggressiveness in enterprise software,
- 9:12but there are limits as well.
- 9:13You can see it,
- 9:14by the way,
- 9:14getting played out right now between OpenAI and Microsoft.
- 9:19SPEAKER_00: It's a weird dynamic.
- 9:20We saw over the weekend this kind of really interesting
- 9:24presentation that Sarah Fryer,
- 9:25SPEAKER_00: who used to work at Salesforce,
- 9:26SPEAKER_00: and she's the CFO at OpenAI.
- 9:29SPEAKER_00: I did, and they revealed their stack for the first time.
- 9:32SPEAKER_00: Their data center, their apps, their APIs, all the different aspects of
- 9:37The future of OpenAI and the word Microsoft and Azure and
- 9:42Copilot weren't on the stack.
- 9:43SPEAKER_00: And that was extremely interesting.
- 9:46And you can see how Microsoft is really starting to run a
- 9:51separate playbook against OpenAI.
- 9:53And it's a fascinating moment,
- 9:55I think,
- 9:55in the history of OpenAI because of that.
- 10:00SPEAKER_01: Yeah, it's crazy.
- 10:00SPEAKER_01: It has.
- 10:01It's so funny to think about Microsoft taking pot shots at
- 10:03Slack because Azure is
- 10:05SPEAKER_01: so rejuvenated,
- 10:06SPEAKER_01: right?
- 10:06SPEAKER_01: And the world's changed 11 times since then.
- 10:09SPEAKER_01: Keep it as competitive, but as open as you can.
- 10:12SPEAKER_00: It's amazing, right?
- 10:13SPEAKER_00: Isn't it?
- 10:13SPEAKER_00: And I think that, you know, that's not how Microsoft thinks.
- 10:16SPEAKER_00: Microsoft is a company that
- 10:18SPEAKER_00: wants to own it all, control it all.
- 10:20SPEAKER_00: If they see a hot company or a hot startup,
- 10:23SPEAKER_00: they ask themselves,
- 10:24SPEAKER_00: hey,
- 10:24SPEAKER_00: why is that not in our world?
- 10:26SPEAKER_00: And in the case of they,
- 10:28SPEAKER_00: usually they like to either try to feign an acquisition,
- 10:32SPEAKER_00: and then based on that,
- 10:33SPEAKER_00: they execute a playbook.
- 10:36Or in the case of open AI,
- 10:38a partnership is going to become a competition.
- 10:41SPEAKER_00: Yeah, no, for sure.
- 10:43SPEAKER_01: So related to that on AI, let me ask you a question.
- 10:45SPEAKER_01: I think maybe it was right after your last earnings call.
- 10:48SPEAKER_01: I've been watching you since the first class of AppExchange in 2006,
- 10:51SPEAKER_01: but I saw,
- 10:53SPEAKER_01: man,
- 10:53SPEAKER_01: I saw energy in you recently after,
- 10:55SPEAKER_01: I haven't seen it in years.
- 10:56SPEAKER_01: I feel like you're so rejuvenated when you talk about AI, right?
- 10:59SPEAKER_01: Is it like a refounding, a rebirth of enthusiasm for you?
- 11:03SPEAKER_01: It feels like it.
- 11:04SPEAKER_00: You're a hundred percent right.
- 11:05SPEAKER_00: I've never been so excited about Salesforce and
- 11:09Even here I'm in my office and I just did a product oxide with
- 11:12my top 35 product
- 11:13SPEAKER_00: leaders for three days.
- 11:15SPEAKER_00: And the opportunities ahead are just absolutely incredible.
- 11:19What is going to happen with software and the transformation of
- 11:21software at every
- 11:22SPEAKER_00: layer is going to be beyond our expectation,
- 11:26SPEAKER_00: beyond our imagination.
- 11:27SPEAKER_00: And you can start to see some of that playing out already.
- 11:30SPEAKER_00: You can see it in a lot of places.
- 11:31You can see it in the startup community,
- 11:33but you can also see what the customers too.
- 11:35SPEAKER_00: And yeah, I'm pretty jacked.
- 11:36SPEAKER_00: I just got back from two weeks in Asia.
- 11:39SPEAKER_00: And that got me really motivated.
- 11:41SPEAKER_00: Oh, yeah.
- 11:42SPEAKER_00: I mean,
- 11:42SPEAKER_00: it was really,
- 11:43SPEAKER_00: I was like in Bhutan,
- 11:45and the king of Bhutan is using Slack to manage their new
- 11:49mindfulness city.
- 11:50SPEAKER_00: So that's motivating to me.
- 11:52SPEAKER_00: Like,
- 11:52when I see the technology were being used in kind of creative
- 11:56and exciting new ways,
- 11:57SPEAKER_00: I get really excited.
- 11:59SPEAKER_00: motivated.
- 11:59SPEAKER_00: Even the hotel that I was staying at in Bangkok,
- 12:01SPEAKER_00: all of a sudden they had to roll out and say,
- 12:03SPEAKER_00: hey,
- 12:03SPEAKER_00: look,
- 12:04SPEAKER_00: we've been using Salesforce forever,
- 12:06SPEAKER_00: and here's how we use it in our hotel.
- 12:07SPEAKER_00: And then I got to Japan, where we've had just tremendous success.
- 12:11SPEAKER_00: We're the second largest software company in Japan.
- 12:13SPEAKER_00: We have a new
- 12:14SPEAKER_00: Salesforce Tower on the grounds of the Imperial Palace in Tokyo.
- 12:19SPEAKER_00: It's pretty awesome.
- 12:20And if you get to Japan,
- 12:22you got to let me know ahead of time because it's a sight to behold.
- 12:26SPEAKER_00: And the customer success is probably the highest we have in the world.
- 12:30SPEAKER_00: And some of these incredible Japanese companies,
- 12:32SPEAKER_00: what they've done with these platforms is just awesome.
- 12:36SPEAKER_01: Yeah, we were there in November for a couple of founders, Veg.
- 12:38SPEAKER_01: I can let you know next time.
- 12:40SPEAKER_01: It was great.
- 12:40SPEAKER_01: I'll tell you what's weird is when I met it with a lot of founders,
- 12:43SPEAKER_01: especially folks,
- 12:44SPEAKER_01: 100 millionaires,
- 12:45SPEAKER_01: a lot there,
- 12:45SPEAKER_01: right?
- 12:46SPEAKER_01: But the shrinking of the population is tough.
- 12:49SPEAKER_01: They're even worried about it in selling seats.
- 12:50They're like,
- 12:51listen,
- 12:51five years out,
- 12:52I'm going to see 20% seat contraction.
- 12:54SPEAKER_01: This is a worry at a private dinner.
- 12:56I'm literally seeing annual seat contraction because population
- 12:59is shrinking.
- 13:00SPEAKER_01: It's a crazy thing.
- 13:01SPEAKER_00: Yeah, that's true.
- 13:02SPEAKER_00: And we saw that,
- 13:04SPEAKER_00: actually,
- 13:04SPEAKER_00: I met with one of the largest companies in Japan,
- 13:08SPEAKER_00: meaning one of their C-level officers,
- 13:10and they have a goal to reduce the number of employees they
- 13:14have by 5% every year
- 13:16SPEAKER_00: and replace them with agents.
- 13:17SPEAKER_00: So that was...
- 13:20SPEAKER_00: Really a remarkable conversation.
- 13:21SPEAKER_00: But yeah, you're right.
- 13:22SPEAKER_00: It's very real.
- 13:23SPEAKER_00: The population changes.
- 13:25SPEAKER_00: It's very real in Japan.
- 13:26SPEAKER_01: Yeah,
- 13:26SPEAKER_01: I'd never heard founders as a group talking about seek contraction due to
- 13:31SPEAKER_01: population contraction.
- 13:33SPEAKER_01: Hopefully we're 20 years out here if it ever happens.
- 13:36So you said you just got 35 product leaders together,
- 13:38something like that.
- 13:39SPEAKER_01: There was, it just went out that Toby leaked...
- 13:42as some Shopify published his memo telling everyone to use AI immediately.
- 13:46SPEAKER_01: What's your version of that at Salesforce?
- 13:47SPEAKER_01: What are you telling folks to stay current and to be up to date on AI?
- 13:52SPEAKER_00: I'm pretty excited about AgentForce.
- 13:55SPEAKER_00: A year ago, AgentForce was just beginning to be an idea.
- 13:58SPEAKER_00: And today it's in the hands of so many customers who are implementing it,
- 14:02SPEAKER_00: way more than we could have expected at this point.
- 14:05SPEAKER_00: There's about 5,000 companies who are implementing AgentForce.
- 14:08SPEAKER_00: And I already see so many companies
- 14:11success stories and to see this product in these customers'
- 14:15hands at this kind of
- 14:15SPEAKER_00: very early and exciting stage.
- 14:18SPEAKER_00: And it's not with other products,
- 14:19SPEAKER_00: because usually you roll out a product,
- 14:21but then you're waiting a while for the customer to get value
- 14:24and start to show you
- 14:24SPEAKER_00: what they're building.
- 14:25SPEAKER_00: But in this case,
- 14:26SPEAKER_00: because it's getting birth from within the platform,
- 14:28SPEAKER_00: it makes it very easy for customers to play.
- 14:31SPEAKER_00: When I was in Asia,
- 14:32SPEAKER_00: I was with Singapore Airlines,
- 14:34SPEAKER_00: who's a huge customer of ours and has been for a long time.
- 14:37SPEAKER_00: Yeah.
- 14:38SPEAKER_00: And they...
- 14:39SPEAKER_00: Of course,
- 14:40they're running sales and service and Slack and marketing and
- 14:42all the things you expect.
- 14:43But the power of Singapore Airlines is that the CEO,
- 14:48his name is Go,
- 14:49by the way,
- 14:49so let's go.
- 14:50SPEAKER_00: Incredible visionary CEO.
- 14:53SPEAKER_00: And he's building an agentic layer over the airline.
- 14:56SPEAKER_00: And
- 14:57SPEAKER_00: That was very motivating because here within a year,
- 15:01we're going from idea to this point where these customers are
- 15:06able to deploy a huge
- 15:07SPEAKER_00: amount of value in a relatively short period of time.
- 15:10SPEAKER_01: Yeah.
- 15:11SPEAKER_01: So many folks talk about,
- 15:12we can talk about a little bit if we don't have time about AI
- 15:15for changing coding
- 15:16SPEAKER_01: and programming.
- 15:16SPEAKER_01: You talked about freezing hiring and engineering.
- 15:19I want to get to that,
- 15:19but most folks are not,
- 15:21don't have visibility into the contact center.
- 15:23SPEAKER_01: It's just as transformational in one year.
- 15:25SPEAKER_01: It's crazy.
- 15:26SPEAKER_01: The transformation, the contact center, isn't it?
- 15:28SPEAKER_01: Agent force is at the bleeding edge of it.
- 15:29SPEAKER_01: It's so fast.
- 15:31SPEAKER_01: Look at Salesforce.
- 15:32SPEAKER_00: Salesforce has helped at salesforce.com.
- 15:34SPEAKER_00: We have 9,000 support agents.
- 15:37We've already done more than a half a million of these
- 15:40interactions with customers and agents.
- 15:42SPEAKER_00: But that idea I think is pretty big and pretty incredible.
- 15:46SPEAKER_00: Yeah, it is.
- 15:48SPEAKER_01: Do you,
- 15:48SPEAKER_01: I know it's a,
- 15:49SPEAKER_01: I know it's maybe a complicated topic,
- 15:51SPEAKER_01: but I'm seeing,
- 15:52SPEAKER_01: I've invested early in a bunch of folks in the contact center,
- 15:55SPEAKER_01: Gorgias,
- 15:55which has 20,000 Shopify customers and talk desk in the
- 15:58Salesforce ecosystem.
- 15:59I'm seeing folks already reducing headcount there 30%,
- 16:03already 30% in a year.
- 16:03SPEAKER_01: It's crazy.
- 16:04SPEAKER_01: Yeah.
- 16:06SPEAKER_01: Any thoughts on that?
- 16:07SPEAKER_00: I'm thinking that I would like to try to do that myself.
- 16:11SPEAKER_00: And that's a big idea.
- 16:12I can deploy those resources to other parts of the company
- 16:14where I desperately need
- 16:15SPEAKER_00: more help and more capability.
- 16:17SPEAKER_00: And I encourage customers to really look at that.
- 16:20SPEAKER_00: That said,
- 16:22SPEAKER_00: customers,
- 16:22SPEAKER_00: especially large companies like ours,
- 16:24SPEAKER_00: the ability to do something like that in a material way,
- 16:27SPEAKER_00: it takes time.
- 16:29SPEAKER_00: It's that old phrase,
- 16:30people overestimate what you're going to do in a year and
- 16:33underestimate what you're
- 16:33SPEAKER_00: going to do in a decade.
- 16:36SPEAKER_00: And that is where we are with this as well,
- 16:38SPEAKER_00: which is that,
- 16:39SPEAKER_00: yes,
- 16:39SPEAKER_00: we can say this is what's going to happen to the contact center,
- 16:42SPEAKER_00: but we might be saying that a year from now or two years from now still.
- 16:46SPEAKER_00: And then incrementally, we'll have more examples.
- 16:48SPEAKER_00: Well,
- 16:48SPEAKER_00: pioneers,
- 16:49SPEAKER_00: people have done it,
- 16:50SPEAKER_00: but we're still at the beginning of a lot of these opportunities.
- 16:54SPEAKER_01: Yeah.
- 16:55SPEAKER_01: So we rolled out a little AI just on SaaS for itself.
- 16:57SPEAKER_01: We had 30,000 conversations in one month.
- 16:59SPEAKER_01: It's just pretty crazy.
- 17:01SPEAKER_01: And one of the things that surprised me,
- 17:02SPEAKER_01: I thought I knew about AI until I saw it on the other side.
- 17:06SPEAKER_01: What's really interesting is how people do things you wouldn't expect.
- 17:09SPEAKER_01: Do things you wouldn't expect, right?
- 17:11Like today,
- 17:11someone had a half an hour board discussion about how to work
- 17:14with their board.
- 17:15SPEAKER_01: They shared their board deck.
- 17:16SPEAKER_01: They reached out to me.
- 17:18SPEAKER_01: You wouldn't expect it, right?
- 17:20SPEAKER_01: Any things you've seen that are unexpected?
- 17:23I think some of the things that I've seen that are unexpected
- 17:26are also expected.
- 17:28And I think like with,
- 17:29and I like talking about some of these customer stories.
- 17:31SPEAKER_00: Yeah.
- 17:32SPEAKER_00: The Singapore Airlines story,
- 17:33SPEAKER_00: the Salesforce story,
- 17:34this idea that we're already done a half a million
- 17:37conversations as we kind of head
- 17:39SPEAKER_00: to Dreamforce,
- 17:40SPEAKER_00: I'm sure that we'll get into the millions.
- 17:42SPEAKER_00: Yep.
- 17:43SPEAKER_00: And then when I see like really solid customers of ours,
- 17:47SPEAKER_00: Lennar,
- 17:47SPEAKER_00: which is one of the largest home builders in the United States,
- 17:51SPEAKER_00: For years,
- 17:51they've had this vision that they've talked to us about of not
- 17:54just using our apps,
- 17:55SPEAKER_00: they use all of our apps and do all the customer work,
- 17:58SPEAKER_00: but how can they really provide more service to their customers?
- 18:01SPEAKER_00: How can they provide more revenue lines to their customers?
- 18:04SPEAKER_00: And that idea, that has become very real.
- 18:09SPEAKER_00: That's actually happening right now.
- 18:11That idea is going down,
- 18:13that this is going to be something that these customers are
- 18:18SPEAKER_00: are going to be served by these agents.
- 18:19And for Lennar,
- 18:21they have given us incredible revenue projections based on what
- 18:26they have found.
- 18:27And I think that is going to be something that we're going to
- 18:31see with a lot of customers.
- 18:32I think a lot of customers are going to all of a sudden start
- 18:35to experiment.
- 18:35SPEAKER_00: And I'll tell you the most exciting thing,
- 18:37SPEAKER_00: like,
- 18:37SPEAKER_00: since we're in the Lennar zone,
- 18:39SPEAKER_00: they called me originally a CEO.
- 18:41SPEAKER_00: Stuart is an incredible person.
- 18:43SPEAKER_00: Father was the founder of the company.
- 18:46SPEAKER_00: And he said, our guys went to Dreamforce.
- 18:49SPEAKER_00: They came back.
- 18:50SPEAKER_00: And we did a hackathon here on AgentForce.
- 18:53SPEAKER_00: And then we have these five use cases.
- 18:55SPEAKER_00: And if they deliver these five use cases,
- 18:57SPEAKER_00: you're going to dramatically impact the financials of this company.
- 19:01SPEAKER_00: And that is what is exciting for me.
- 19:04SPEAKER_00: That we're seeing customers say,
- 19:05SPEAKER_00: hey,
- 19:06how do I really use this technology in an exciting new way and
- 19:09then deliver that value?
- 19:10And that whole cycle from idea to innovation to actually
- 19:14delivery with Lenar,
- 19:15SPEAKER_00: because they're live now,
- 19:16SPEAKER_00: was about six months.
- 19:19SPEAKER_00: That's fast at that size.
- 19:20SPEAKER_00: That's fast.
- 19:21SPEAKER_00: And also, is that the end of their story?
- 19:24SPEAKER_00: No.
- 19:24SPEAKER_00: This is the beginning still of the story.
- 19:26Because when we think about what are companies going to be like
- 19:29that are going to
- 19:30SPEAKER_00: be agent first,
- 19:31what is an agent first Salesforce or an agent first Lenar or an
- 19:34agent first
- 19:35SPEAKER_00: Singapore Air?
- 19:36SPEAKER_00: It doesn't look like where we are today.
- 19:38I'm jealous of all those founders who are starting companies
- 19:40now because they're
- 19:41SPEAKER_00: going to be creating agent first companies.
- 19:43I'm the last generation of CEOs to say,
- 19:46maybe you are too,
- 19:47that we only had human employees.
- 19:50SPEAKER_00: Even now, I work with agents every day to make Salesforce better.
- 19:54SPEAKER_00: And I train my employees to do that, too.
- 19:56SPEAKER_00: I created this V2 Mom process when I was at Oracle,
- 20:00SPEAKER_00: and I've used that to guide Salesforce for many years.
- 20:03SPEAKER_00: And now for almost three years,
- 20:06SPEAKER_00: when I write a V2 Mom,
- 20:09SPEAKER_00: one,
- 20:09SPEAKER_00: I always have a Salesforce executive with me.
- 20:12SPEAKER_00: And two, I now have an agent with me as well.
- 20:15SPEAKER_00: Yeah.
- 20:15So that idea that it's the three of us working together and
- 20:19we'll ask that agent
- 20:21SPEAKER_00: really important key questions.
- 20:22SPEAKER_00: For example, hey, how is this competitive against these key competitors?
- 20:27SPEAKER_00: Or is this going to really expand our distribution capacity like we want?
- 20:32SPEAKER_00: Or is this what we want to have happen with our ecosystem?
- 20:35SPEAKER_00: And the answers are surprisingly important.
- 20:38SPEAKER_00: Awakening.
- 20:39SPEAKER_00: That is, all of a sudden say, whoa, I didn't think about that.
- 20:42SPEAKER_00: So I like having an AI partner.
- 20:44I think it helps expand my own consciousness,
- 20:47gives me a little more enlightenment myself.
- 20:50SPEAKER_00: So it's another tool in the tool chest.
- 20:52SPEAKER_00: And I think it's extremely important that founders use that.
- 20:56SPEAKER_01: Yeah, I didn't.
- 20:56You've been saying that for a while,
- 20:57the last generation with an all human team.
- 20:59SPEAKER_01: And I'll be honest, maybe until six months ago, I didn't fully get it.
- 21:02SPEAKER_01: Like I thought it was a great catchphrase,
- 21:04SPEAKER_01: but even with now we have our agent AI come to meetings.
- 21:08SPEAKER_01: And what I love about it is it also remembers everything.
- 21:11You don't actually remember what Mark Benioff said on that
- 21:13podcast two years ago,
- 21:15SPEAKER_01: but you know what?
- 21:16Your agent remembers it and can contextualize into what you're
- 21:19talking about today,
- 21:20right?
- 21:20SPEAKER_01: It's crazy, right?
- 21:22SPEAKER_01: I like going with the prime version of myself.
- 21:24The digital version of me just remembers stuff and connects it
- 21:27in the way I can't do it.
- 21:28SPEAKER_01: Like, it's crazy.
- 21:30SPEAKER_00: That's cool.
- 21:31SPEAKER_00: And I think that idea— It's crazy.
- 21:33SPEAKER_00: —that there is an agent around all the time, and we're not totally there.
- 21:37SPEAKER_00: Like, here we are on the podcast.
- 21:38SPEAKER_00: We don't have an agent talking with us.
- 21:39SPEAKER_01: I think in six months we will.
- 21:41SPEAKER_00: Okay,
- 21:41so that's—we're getting—it's like we're making these kind of
- 21:44incremental gains,
- 21:46SPEAKER_00: and I think that's a big thought.
- 21:47SPEAKER_00: Yes.
- 21:47SPEAKER_00: Okay.
- 21:48SPEAKER_00: Now, what question do you want to ask Mark Benioff about—
- 21:51And so this idea that we wrote a little tagline that I used at
- 21:55Dreamforce last year,
- 21:56SPEAKER_00: which was humans with agents working together to create customer success.
- 22:01SPEAKER_00: And I believe that.
- 22:03SPEAKER_00: I think that this is about us working well with agents together.
- 22:06SPEAKER_00: We're not at that point yet.
- 22:08Still,
- 22:09if you go to help.salesforce.com,
- 22:10we're still at the beginning of what that could be.
- 22:14SPEAKER_00: And I think that for a lot of our customers,
- 22:16SPEAKER_00: we're still at the beginning of what that agentic layer means.
- 22:20SPEAKER_00: And then over time, it can really expand.
- 22:22SPEAKER_00: Now, let's just say this also.
- 22:24The agentic layer is very important,
- 22:26but we still have human beings in our company.
- 22:28SPEAKER_00: I don't know about you.
- 22:31SPEAKER_00: A few less than a year ago, but yes.
- 22:33SPEAKER_01: We have a lot of people that we're hiring also.
- 22:36SPEAKER_01: 70,000, 100,000 at Salesforce, something like that.
- 22:37SPEAKER_00: I'm hiring.
- 22:38SPEAKER_00: Yeah, I'm hiring, and I have a lot.
- 22:40I'm hiring more in a lot of key areas because just demand
- 22:43levels are impressive.
- 22:44SPEAKER_00: Yeah.
- 22:46SPEAKER_00: I would say that at that point, applications are still important.
- 22:50SPEAKER_00: Like we mentioned that we're both using Slack.
- 22:53SPEAKER_00: Yeah.
- 22:53And I'm using Tableau,
- 22:55and I'm using our sales cloud and our service cloud,
- 22:58our marketing cloud.
- 22:59SPEAKER_00: And then we've got a lot.
- 23:01SPEAKER_00: I don't know if you've seen what we've done with field service,
- 23:03but I was on the phone yesterday with the CEO of a very large
- 23:08power utility.
- 23:09SPEAKER_00: We have two amazing ones in California.
- 23:11SPEAKER_00: Both of them are huge customers in Salesforce.
- 23:13SPEAKER_00: And...
- 23:14SPEAKER_00: Our field service app,
- 23:15SPEAKER_00: if you go to App Store and download it,
- 23:17SPEAKER_00: you'll see this amazing field service app.
- 23:20SPEAKER_00: These apps are still really important.
- 23:23SPEAKER_00: And in this case of fire mitigation,
- 23:25SPEAKER_00: especially in California,
- 23:27SPEAKER_00: it's really important that these folks are out there,
- 23:29SPEAKER_00: they're automated,
- 23:30SPEAKER_00: that we can do things to prevent wildfires.
- 23:35SPEAKER_00: Apps are still important.
- 23:36SPEAKER_00: Humans are still important in this case.
- 23:38SPEAKER_00: There aren't robots out there doing that yet.
- 23:41SPEAKER_00: Maybe there will be soon.
- 23:42SPEAKER_00: Agents can only go so far until you get into the natural world.
- 23:47So this is a big moment where we can say,
- 23:52wow,
- 23:52we're going to bring huge value.
- 23:54SPEAKER_00: So it's the apps are important.
- 23:57SPEAKER_00: The data is way more important than ever.
- 24:00SPEAKER_00: Because if you don't have the data,
- 24:01your agents are not going to perform with the level of accuracy
- 24:04and capability.
- 24:05SPEAKER_00: I'm wearing a shirt, my favorite customer, Disney.
- 24:08SPEAKER_00: Here's Mickey.
- 24:10SPEAKER_00: And I love to buy all of the stuff on Disney Store,
- 24:14SPEAKER_00: not because it runs on Salesforce,
- 24:15SPEAKER_00: but because I just love the brand,
- 24:17SPEAKER_00: love the products,
- 24:17SPEAKER_00: and go to the parks.
- 24:19SPEAKER_00: and the hotels and all that.
- 24:20SPEAKER_00: But we built this incredible agent that's incredibly fluid,
- 24:24SPEAKER_00: that's able to go through all of their products.
- 24:27SPEAKER_00: But they have done such a great job as a company, Disney.
- 24:30SPEAKER_00: They have so many products,
- 24:32no human could possibly understand all of the products and the
- 24:35combinations and the promotions.
- 24:37But the AI offers tremendous value at that point for the
- 24:41customer and for what they
- 24:43SPEAKER_00: call the cast member,
- 24:45SPEAKER_00: which is their employee.
- 24:46SPEAKER_00: And that is...
- 24:48SPEAKER_00: critical.
- 24:49And this idea now that the apps,
- 24:52the data,
- 24:53and the agent,
- 24:54these three layers together.
- 24:56SPEAKER_00: And for Salesforce, that's only one piece of code.
- 24:59SPEAKER_00: Like in that new version of Tableau I mentioned,
- 25:02you look at that and you take a look at what we did and you'll
- 25:04see on my Twitter feed,
- 25:06SPEAKER_00: I have a stack diagram of what we've done with our architecture and
- 25:10SPEAKER_00: And it's just not just some AI thing running out there in the wild.
- 25:15It's something that we're going to use in our company,
- 25:19create a better company.
- 25:20SPEAKER_00: And AI and agents are a key part of it.
- 25:22SPEAKER_00: But so is the data and so is the app.
- 25:26SPEAKER_00: Because it's about you and apps and agents all working together.
- 25:30SPEAKER_00: And that idea of these three critical layers.
- 25:33SPEAKER_00: And then like last week, I was on...
- 25:35SPEAKER_00: a Zoom with the CEO of an incredible robot company in San Jose,
- 25:40SPEAKER_00: and that fourth layer is going to be the robotic layer.
- 25:42SPEAKER_00: But it needs the other three layers to operate because the agents...
- 25:46SPEAKER_00: are going to get manifested into these robots.
- 25:48SPEAKER_00: So that will be a keep next step.
- 25:50SPEAKER_00: And we'll see that by Dreamforce, I'm sure.
- 25:52SPEAKER_00: I'm sure.
- 25:53SPEAKER_00: These four layers all have to work together.
- 25:55SPEAKER_00: But remember, it's one piece of code.
- 25:58SPEAKER_00: It's one piece of code for Salesforce.
- 26:00We sell it in different kinds of brands and flavors and this
- 26:03and that,
- 26:03so forth.
- 26:04SPEAKER_00: But it's still one piece of code.
- 26:06SPEAKER_00: And that...
- 26:07SPEAKER_00: is going to be incredibly important going forward for these customers,
- 26:10especially as they scale these implementations and make these
- 26:14enterprise-wide
- 26:15implementations that are going to be transformational for how
- 26:18they interoperate
- 26:19SPEAKER_00: with their employees,
- 26:20SPEAKER_00: their customers,
- 26:21SPEAKER_00: their partners.
- 26:22SPEAKER_01: I'll tell you, for what it's worth running our AI agent, what I learned
- 26:26SPEAKER_01: I didn't get this before,
- 26:28SPEAKER_01: was I actually think within 12 months,
- 26:30SPEAKER_01: this agent-human combination,
- 26:32SPEAKER_01: I think every single Zoom,
- 26:33SPEAKER_01: every single meeting,
- 26:34SPEAKER_01: every sales rep,
- 26:35SPEAKER_01: every cast member,
- 26:37SPEAKER_01: every person human should come with their AI.
- 26:41And I trained mine on 12 years of 10,000 pieces of content and
- 26:44all this stuff.
- 26:46It knows there is no excuse to show up to a sales meeting and
- 26:49not know whether this
- 26:50SPEAKER_01: integration works in Slack,
- 26:51SPEAKER_01: what the pricing is for 10.
- 26:53SPEAKER_01: There's just no excuse.
- 26:54SPEAKER_01: And we should be on a meeting together.
- 26:55SPEAKER_01: And if I don't know,
- 26:56SPEAKER_01: I should be able to say,
- 26:57SPEAKER_01: digital Mark,
- 26:58SPEAKER_01: remind me,
- 26:59how does this Slack plus Tableau integrate with a 1970s SAP implementation?
- 27:05SPEAKER_01: And you should have this, the answer.
- 27:08SPEAKER_01: Like that should be like 12 months because I can already do it on our AI.
- 27:11SPEAKER_01: It's crazy.
- 27:11SPEAKER_01: So everyone should come to that meeting like now.
- 27:14SPEAKER_01: Yeah.
- 27:14SPEAKER_00: A hundred percent.
- 27:15SPEAKER_00: That's the vision of the future, right?
- 27:17SPEAKER_00: Yeah.
- 27:17SPEAKER_00: It's about humans and agents working together.
- 27:19SPEAKER_00: Yeah.
- 27:20SPEAKER_00: And you just articulated it beautifully.
- 27:23SPEAKER_00: And look, you might be there, but most people are not.
- 27:26SPEAKER_01: No, no.
- 27:27SPEAKER_01: I wasn't even there until three weeks ago, but now I get it.
- 27:29SPEAKER_01: Now, now I get it.
- 27:30Cause I tried,
- 27:31we,
- 27:32Brian,
- 27:33I tried to used to talk to digital Brian Halligan.
- 27:35SPEAKER_01: He was early.
- 27:35It was pretty fun from HubSpot,
- 27:37but he,
- 27:37and he's great,
- 27:38but he trained it only so much.
- 27:39SPEAKER_01: Yeah.
- 27:40SPEAKER_01: That's great.
- 27:40SPEAKER_01: And he's like, I trained it.
- 27:41SPEAKER_01: I'm like, I'm going to try to train this to S level, S tier level.
- 27:44SPEAKER_01: And I trained it on everything.
- 27:46SPEAKER_01: And now I'm like,
- 27:47SPEAKER_01: if this guy just comes to Zoom,
- 27:49SPEAKER_01: then first of all,
- 27:50SPEAKER_01: he can answer all the questions at night and on weekends.
- 27:53SPEAKER_01: And he comes to every meeting.
- 27:54SPEAKER_01: There's no excuse.
- 27:55SPEAKER_01: There's literally no excuse to not know every corner case at Salesforce.
- 27:59SPEAKER_01: There's no excuse to not know how every custom tab, every workflow.
- 28:04SPEAKER_00: It's a huge vision for the future.
- 28:06SPEAKER_00: Yeah.
- 28:07SPEAKER_00: I think it's soon.
- 28:08SPEAKER_00: It's pioneering.
- 28:09SPEAKER_00: Yeah.
- 28:10SPEAKER_01: All right.
- 28:11SPEAKER_01: One people talk about all over social media.
- 28:13I don't think they know what they're talking about is where the
- 28:15money comes from AI.
- 28:16SPEAKER_01: What are you seeing at budgets?
- 28:18SPEAKER_01: Is there really an AI budget at Lenar and Singapore?
- 28:21SPEAKER_01: Are they repositioning budgets?
- 28:22SPEAKER_01: Are they stealing it from old boring stuff?
- 28:24SPEAKER_01: Like where's the money?
- 28:25SPEAKER_01: Where's the incremental money really coming from in your experience?
- 28:28SPEAKER_00: I think you have two things going on.
- 28:30SPEAKER_00: First of all,
- 28:31we just talked about how excited AI is and how it's going to
- 28:34change these companies
- 28:35SPEAKER_00: and transform them and transform these employees.
- 28:38But for the vast majority of companies who have been playing
- 28:41around with these
- 28:42SPEAKER_00: models and tools over the last,
- 28:44SPEAKER_00: call it,
- 28:45SPEAKER_00: three years or four years of generative AI,
- 28:48SPEAKER_00: they've mostly failed.
- 28:49You don't have that many great stories of how AI has
- 28:54transformed these companies.
- 28:55SPEAKER_00: That's one of the reasons why Agent Force is as exciting as it is,
- 28:59SPEAKER_00: because it's practical,
- 29:01SPEAKER_00: it's specific,
- 29:02SPEAKER_00: it's tactical.
- 29:03It gives them clear action plan on exactly how to go ahead and
- 29:08execute the AI
- 29:09SPEAKER_00: playbook for a company.
- 29:10SPEAKER_00: And in a lot of cases, you had a lot of just little...
- 29:14Science lab experiments,
- 29:16and those things did not work out for those customers.
- 29:20SPEAKER_00: So that is really step one.
- 29:22SPEAKER_00: I think everybody needs a win.
- 29:23SPEAKER_00: Everybody needs a help.salesforce.com.
- 29:26SPEAKER_00: To that point, even Salesforce, it's like we have all the technology.
- 29:30SPEAKER_00: We've done a million things.
- 29:31SPEAKER_00: We've got Einstein.
- 29:32SPEAKER_00: We do the predictions.
- 29:33SPEAKER_00: We do all this stuff.
- 29:34SPEAKER_00: Whoa, this is actually dramatically impacting my business process itself.
- 29:40SPEAKER_00: Okay.
- 29:40SPEAKER_00: Yeah.
- 29:41SPEAKER_00: So everybody needs a huge win.
- 29:43SPEAKER_00: That is really the next step.
- 29:46SPEAKER_01: Yeah.
- 29:47SPEAKER_01: And so just,
- 29:47SPEAKER_01: just,
- 29:48SPEAKER_01: you know,
- 29:48SPEAKER_01: I think everyone's got to be excited about AgentForce,
- 29:50SPEAKER_01: whether they're deploying it now or Dreamforce or a year,
- 29:53SPEAKER_01: everyone's,
- 29:53SPEAKER_01: and if I'm invested in the platform,
- 29:54SPEAKER_01: this has got to be on my top two or three initiatives,
- 29:56SPEAKER_01: right?
- 29:57SPEAKER_01: No question.
- 29:57SPEAKER_01: But where am I going to my CEO and asking for more budget?
- 30:01Is it take like,
- 30:02just,
- 30:02I just want from this sort of overall money,
- 30:05GDP going into software.
- 30:06SPEAKER_00: Are we freeing up more money?
- 30:08SPEAKER_00: No,
- 30:08SPEAKER_00: you're totally on it,
- 30:09but I think that it's going to resolve back into the line of
- 30:11business budgets.
- 30:13SPEAKER_00: And I think that this is just an extension of those line of businesses.
- 30:18SPEAKER_00: I think that where there was an AI budget, that was a mistake.
- 30:22And that where it should be is like you should be holding,
- 30:24at least this is what I do.
- 30:25SPEAKER_00: I should be holding our service team accountable.
- 30:28SPEAKER_00: Our sales team should be held accountable for that.
- 30:30SPEAKER_00: Yeah.
- 30:31SPEAKER_00: is where the budget should be.
- 30:33SPEAKER_00: It should be the line of business.
- 30:34Hey,
- 30:34you're going to need to get this much more efficient,
- 30:35this more productive.
- 30:37SPEAKER_00: You need to augment your employees.
- 30:38SPEAKER_00: You need a higher level of enablement.
- 30:40SPEAKER_00: You need more capacity.
- 30:42You need to be able to integrate your compensation plans into
- 30:45our strategic goals.
- 30:47SPEAKER_00: All of these things are going to be done with AI.
- 30:50SPEAKER_00: But should there be a separate AI budget?
- 30:52I think that could be an indication that you're not moving in
- 30:54the right direction.
- 30:56SPEAKER_00: Because if you have a completely separate AI budget,
- 30:58SPEAKER_00: you're probably not integrated at that level.
- 31:00SPEAKER_00: And I'll give you an example.
- 31:02SPEAKER_00: We work really closely with RBS Bank and Royal Bank of Scotland.
- 31:07SPEAKER_00: They're in Canada.
- 31:07SPEAKER_00: Incredible CEO, Dave McKay.
- 31:09SPEAKER_00: And they have an incredible AI team.
- 31:11SPEAKER_00: They have an incredible...
- 31:13SPEAKER_00: set of PhD researchers.
- 31:15SPEAKER_00: They come out of University of Waterloo in Canada.
- 31:17SPEAKER_00: They're incredible people.
- 31:19SPEAKER_00: And actually, they're very near those Shopify guys.
- 31:22SPEAKER_00: And this is a great bank, great institution, great customer.
- 31:26SPEAKER_00: And for a couple years, he keeps coming to see me.
- 31:29SPEAKER_00: I'm doing this with AI.
- 31:29SPEAKER_00: I'm doing that.
- 31:30SPEAKER_00: I want to do this.
- 31:31SPEAKER_00: I want to do that.
- 31:32SPEAKER_00: And I don't think he was getting the value that he really wanted.
- 31:35SPEAKER_00: And then
- 31:36SPEAKER_00: I was working with his wealth team,
- 31:39SPEAKER_00: which is actually based in the U.S.,
- 31:41SPEAKER_00: and all of a sudden we had some incredible success.
- 31:44SPEAKER_00: And that's where I was like,
- 31:45SPEAKER_00: hey,
- 31:46SPEAKER_00: you really need to look at,
- 31:46SPEAKER_00: this is the very tactical,
- 31:48SPEAKER_00: practical thing.
- 31:50SPEAKER_00: So we're going to make your wealth business a lot more successful.
- 31:54SPEAKER_00: And yes,
- 31:55we're going to convert your call center to not only service
- 31:58your customers,
- 31:59SPEAKER_00: but sell mortgages also.
- 32:00SPEAKER_00: That's going to be really important.
- 32:03SPEAKER_00: And this fundamental transformation,
- 32:05SPEAKER_00: I think in their consciousness,
- 32:06SPEAKER_00: they all of a sudden realized not only could they do all of these things,
- 32:10but they could start to think about things strategically for
- 32:12the future of their
- 32:13SPEAKER_00: bank that they were not able to think about before.
- 32:16And that this AI was going to really give them a capability
- 32:20that was not on their business plan.
- 32:23SPEAKER_00: This doesn't come out of an AI budget.
- 32:25This comes out of your line of business managers really having
- 32:28to think about what
- 32:29SPEAKER_00: is the future of their business.
- 32:31SPEAKER_00: And that is where you're going to have the best impact.
- 32:34SPEAKER_00: Not just having the two dozen world-class AI PhDs,
- 32:39SPEAKER_00: but hey,
- 32:40let's look at the apps and let's look at each app and then
- 32:43let's look at the
- 32:44SPEAKER_00: employees and let's look at productivity,
- 32:46SPEAKER_00: let's look at augmentation,
- 32:48SPEAKER_00: let's look at all of these areas.
- 32:49SPEAKER_00: And
- 32:50I think it's one of the reasons why Agent Force has been as
- 32:53successful as it has
- 32:54SPEAKER_00: been so early on.
- 32:56SPEAKER_00: And we're going to see some, continue to see a lot of great stories.
- 33:00SPEAKER_01: Yeah.
- 33:00SPEAKER_01: Wealth management really should be a space utterly changed by AI.
- 33:03It's such a weird space because there's big dollars with
- 33:07terrible service.
- 33:08SPEAKER_01: Like just, I want a mortgage.
- 33:10SPEAKER_01: I want a line of credit.
- 33:11I want to do,
- 33:12and like,
- 33:13it's 11 calls and someone gets back to you in two weeks.
- 33:15SPEAKER_01: This shouldn't be this hard for this amount.
- 33:17SPEAKER_00: Hey, we're still in that zone on healthcare.
- 33:20I like just had a full recovery from a proximal rupture of my
- 33:24Achilles last September.
- 33:26SPEAKER_00: And the number of phone calls I have to make and all of that, it's crazy.
- 33:31SPEAKER_00: And an agentic layer on medical center is really important.
- 33:34I just spent some time with the medical center that I work
- 33:37really closely with
- 33:38SPEAKER_00: showing them exactly what we can do,
- 33:40SPEAKER_00: how we can do it,
- 33:41SPEAKER_00: the immediate impact they can have,
- 33:44SPEAKER_00: and the huge productivity gains.
- 33:45SPEAKER_00: And I'll tell you why that's also important.
- 33:47SPEAKER_00: We talked about the Japan situation, but think about it like this.
- 33:51SPEAKER_00: Call any doctor or nurse or medical center you work with.
- 33:54SPEAKER_00: You'll hear that they're all pretty overloaded.
- 33:57SPEAKER_00: They're all pretty burnt out for some reason.
- 33:59SPEAKER_00: They never recovered mentally from that.
- 34:01SPEAKER_00: I don't know if I did myself, but the thing is that it's also because
- 34:07Patients are like,
- 34:08get their labs from there done,
- 34:10and they call their doctor right away.
- 34:12SPEAKER_00: Hey, this number is not exactly right.
- 34:14SPEAKER_00: What is going on with this number?
- 34:15SPEAKER_00: Doctors will talk about it on your visit.
- 34:17SPEAKER_00: But instead,
- 34:18there can be an agentic layer surrounding the medical center
- 34:21that kind of provides
- 34:22SPEAKER_00: that first level of care,
- 34:23SPEAKER_00: but also
- 34:25SPEAKER_00: It can not only do pre- and post-operative care,
- 34:27SPEAKER_00: pre- or post-procedure care,
- 34:29SPEAKER_00: but it can also do things like,
- 34:32SPEAKER_00: hey,
- 34:32SPEAKER_00: we know you're coming to the hospital.
- 34:34SPEAKER_00: You want to make sure you're doing this.
- 34:35SPEAKER_00: This is how you're going to get ready.
- 34:38SPEAKER_00: Today, I still get phone calls.
- 34:39And when I get some of these phone calls,
- 34:41I can tell these people who are making the calls.
- 34:44They're very high value people,
- 34:46super expensive,
- 34:47and it's not the best use of their time.
- 34:49It's not necessarily that the medical center is going to have
- 34:52less people a year from now.
- 34:54SPEAKER_00: It's more that the people are going to be used in a more value added way.
- 34:58SPEAKER_00: And I think that's also true in my help.salesforce.com as well.
- 35:02SPEAKER_00: Yeah.
- 35:03SPEAKER_01: So maybe before we're out of time,
- 35:04SPEAKER_01: and if we're out of time,
- 35:05SPEAKER_01: just let me know,
- 35:05SPEAKER_01: because this is great.
- 35:06SPEAKER_01: But maybe just two things that people talk a lot about,
- 35:10SPEAKER_01: like budgets,
- 35:10SPEAKER_01: but maybe they don't understand.
- 35:11SPEAKER_01: You talked about people, agents, data, and then robotics, right?
- 35:15SPEAKER_01: I might have gotten the four layers wrong, but that's roughly right.
- 35:18SPEAKER_01: Data,
- 35:18SPEAKER_01: data,
- 35:19SPEAKER_01: everyone on social media and in SF talking about,
- 35:23SPEAKER_01: I can disrupt everyone in the enterprise with my agent,
- 35:26SPEAKER_01: right?
- 35:27SPEAKER_01: But data, man, there's a lot of data in Salesforce.
- 35:30So talk about that at a meta level,
- 35:32because you've also invested in many of the best.
- 35:34SPEAKER_01: Who wins, the incumbents or the startups?
- 35:35SPEAKER_01: I know it's a goofy question, but what do you think about that?
- 35:38SPEAKER_01: Who wins, the incumbents or the startups?
- 35:39SPEAKER_00: I think there's a broad misunderstanding still of data.
- 35:42And I think that when I get to Dreamforce in October,
- 35:45I have to clear it up.
- 35:46SPEAKER_00: It's one of my strategic goals.
- 35:48And I think one way to think about that already is there's more
- 35:51data in Salesforce than ever.
- 35:52SPEAKER_00: And I'll make the case that,
- 35:54SPEAKER_00: yes,
- 35:54SPEAKER_00: it's about the apps,
- 35:55SPEAKER_00: it's about the data,
- 35:55SPEAKER_00: it's about the agents,
- 35:56SPEAKER_00: and it'll be about the robots.
- 35:57And at that data later,
- 35:59it's not just about the Salesforce data,
- 36:00which is 230 petabytes of data.
- 36:03SPEAKER_00: It's also about all the data we're federating to.
- 36:05Of course,
- 36:05Salesforce was a core investor in Snowflake,
- 36:08but we federate to data to Snowflake.
- 36:10And now there's a huge amount of Snowflake data that comes back
- 36:13to Salesforce
- 36:14SPEAKER_00: through our federation mechanisms as well.
- 36:17SPEAKER_00: So whether it's Databricks or Snowflake,
- 36:19SPEAKER_00: whether it's Shopify,
- 36:21SPEAKER_00: whether it's BigQuery,
- 36:23SPEAKER_00: whether it's S3,
- 36:25SPEAKER_00: all the places where you're storing data through your company,
- 36:28All of that needs to be one consistent data layer for that
- 36:32agent to be able to
- 36:33SPEAKER_00: really be as good as it can be.
- 36:36SPEAKER_00: And for that AI to be everything you want it to be.
- 36:39We can talk about individual AI like we did,
- 36:41which was,
- 36:42hey,
- 36:43are you remembering my meeting?
- 36:44SPEAKER_00: What is my next step?
- 36:45SPEAKER_00: But when we get to organizational AI,
- 36:47that means that that data layer has to be this federated data
- 36:51layer that is going
- 36:53SPEAKER_00: to have to then be fully interoperated with those apps and those agents.
- 36:57And all of it is going to have to be one seamless platform for
- 37:01these customers.
- 37:02SPEAKER_00: And that's where we're going.
- 37:03SPEAKER_00: I think that vision is a little different than where everybody else is,
- 37:06SPEAKER_00: which is everyone else is a little bit more on.
- 37:09And by the way,
- 37:09I think this is great for a lot of the startups to do this.
- 37:12SPEAKER_00: They're more like see a bear, shoot a bear.
- 37:14SPEAKER_00: Hey, I have an agent.
- 37:15SPEAKER_00: I'm going to take down this use case.
- 37:17SPEAKER_00: I think it's great.
- 37:18SPEAKER_00: But where we want to provide for our customers,
- 37:21SPEAKER_00: which are the largest and most important customers in the world,
- 37:24SPEAKER_00: enterprises and governments,
- 37:27SPEAKER_00: We want them to get their data together, number one.
- 37:29SPEAKER_00: Two, we want them to use this next generation of apps.
- 37:32Like we can see like Tableau Next that we showed yesterday and
- 37:36others that you'll
- 37:37SPEAKER_00: see continuing to get released from Salesforce.
- 37:39SPEAKER_00: And then three, we want them to deploy these agents at Skink.
- 37:43SPEAKER_00: And I think that is the right transformational motion
- 37:47SPEAKER_00: for our customers.
- 37:48SPEAKER_00: And that's where I've got my head around that idea.
- 37:51And that platform,
- 37:53that as a platform is different than what others are working on.
- 37:57SPEAKER_00: So that's what we think is going to happen.
- 37:59SPEAKER_00: And
- 38:00SPEAKER_00: I hope we're right.
- 38:01SPEAKER_00: I think you're right.
- 38:02SPEAKER_00: That's what I'm asking.
- 38:04SPEAKER_00: That's all we're doing.
- 38:05SPEAKER_00: And then when you're using Slack,
- 38:07it should be running on that platform where it's got your data
- 38:09cloud and it's got
- 38:10SPEAKER_00: your agents also running all together is one thing.
- 38:13SPEAKER_00: And like you said, it's a meta layer on all your agents.
- 38:16SPEAKER_00: And look, it's been an incredible 26 years of Salesforce.
- 38:20SPEAKER_00: When we started Salesforce,
- 38:23we could never have anticipated that we would have gotten to
- 38:25where we are.
- 38:26SPEAKER_00: And we're just still at the beginning.
- 38:27SPEAKER_00: Now we're in the 40 billions, like you said.
- 38:30SPEAKER_00: And as I think about the next layer,
- 38:32SPEAKER_00: what's possible now,
- 38:33SPEAKER_00: what wasn't possible even just a few years ago,
- 38:36SPEAKER_00: I guess the best decision we probably ever made was not that technology
- 38:40SPEAKER_00: architecture strategy.
- 38:42SPEAKER_00: It's that we took 1% of our equity,
- 38:44SPEAKER_00: 1% of our profit,
- 38:45and 1% of all of our employees' time 26 years ago and put it
- 38:49into a foundation.
- 38:50SPEAKER_00: We just had a board meeting for our foundation just last week.
- 38:53SPEAKER_00: And I'll tell you, the thing about that's exciting is
- 38:56SPEAKER_00: is that we've done 10 million hours of volunteerism.
- 38:59SPEAKER_00: We run 50,000 nonprofits and NGOs for free on our service.
- 39:03We've given away about a billion dollars to organizations all
- 39:07over the world,
- 39:08SPEAKER_00: but especially focused in K-12 education,
- 39:12SPEAKER_00: which is our focus area.
- 39:13And in our San Francisco and Oakland public schools,
- 39:16we've given over $150 million.
- 39:16SPEAKER_00: So this idea that we are...
- 39:21SPEAKER_00: built a company that's also,
- 39:23SPEAKER_00: we think,
- 39:23SPEAKER_00: is a platform for change in those areas,
- 39:26SPEAKER_00: as empowered and enabled through the foundation,
- 39:28SPEAKER_00: is extremely important.
- 39:29SPEAKER_00: And trying to hold those values together as we get bigger as a company,
- 39:34SPEAKER_00: this is a huge challenge.
- 39:35SPEAKER_00: No one really said it'd be
- 39:37SPEAKER_00: It's a huge challenge as you get bigger, but it is.
- 39:40And this is where people should be holding us accountable that
- 39:43whether it is in trust,
- 39:45SPEAKER_00: in customer success,
- 39:46SPEAKER_00: in innovation,
- 39:46SPEAKER_00: in equality,
- 39:48SPEAKER_00: in sustainability,
- 39:49SPEAKER_00: these core values of whose Salesforce is,
- 39:51SPEAKER_00: we're really trying to maintain
- 39:54these core values,
- 39:55and also deliver this next generation of our platform.
- 39:58And we want every customer to have this incredible value
- 40:02experience with AI.
- 40:04And that is what is really going to get me super motivated over
- 40:07the next couple of years.
- 40:09SPEAKER_01: And for folks,
- 40:09SPEAKER_01: because I know it's all documented,
- 40:11I think everyone really should check out Salesforce has a whole
- 40:14program to help you
- 40:14SPEAKER_01: implement 1-1-1,
- 40:16SPEAKER_01: right?
- 40:16SPEAKER_01: It's got a whole program.
- 40:17SPEAKER_00: Oh, yeah.
- 40:17SPEAKER_01: Pretty turnkey for you.
- 40:18SPEAKER_01: It's pretty turnkey.
- 40:19There's a whole nonprofit called pledge1percent.org that me and
- 40:22the founders of Atlassian,
- 40:23SPEAKER_00: who also then copied our 1-1-1 model,
- 40:25SPEAKER_00: who put together...
- 40:27And I'd recommend any founder to take a look at that because
- 40:30you might not think
- 40:30SPEAKER_00: about it today.
- 40:31SPEAKER_00: You're starting your company,
- 40:32SPEAKER_00: maybe you're a year in,
- 40:33SPEAKER_00: but 25 or 26 years later,
- 40:36SPEAKER_00: which a lot of people are like,
- 40:36SPEAKER_00: oh no,
- 40:37SPEAKER_00: I've already sold my company and we retired in Hawaii,
- 40:40SPEAKER_00: whatever.
- 40:41SPEAKER_00: Great, congratulations.
- 40:42SPEAKER_00: But here's the thing.
- 40:43SPEAKER_00: You kind of want to be able to look back and say,
- 40:45SPEAKER_00: hey,
- 40:45SPEAKER_00: I did it the right way with the right values.
- 40:48And you're not going to want to be like some of those other
- 40:50software companies that
- 40:51we mentioned who maybe operate with a whole different kind of
- 40:53set of values.
- 40:54SPEAKER_00: So you have to decide what kind of company you want to be.
- 40:57SPEAKER_01: Yeah, I think it's wonderful.
- 40:59SPEAKER_01: I remember...
- 41:00SPEAKER_01: I don't remember when you rolled it out,
- 41:01SPEAKER_01: but I remember when you back in the day thinking,
- 41:03SPEAKER_01: Mark,
- 41:03SPEAKER_01: that's nice.
- 41:03SPEAKER_01: But like Salesforce is worth like $2 billion at the time.
- 41:06SPEAKER_01: 1% is $20 million.
- 41:07SPEAKER_01: That's a lot.
- 41:08SPEAKER_01: But like now look where it's grown, right?
- 41:11SPEAKER_01: 1% of $300 billion or so, or $240 billion is quite an impact, right?
- 41:15SPEAKER_01: It is quite an impact.
- 41:16SPEAKER_01: It's been, and the people.
- 41:17SPEAKER_00: It's about the people too.
- 41:18SPEAKER_00: And also don't forget about your technology and how you can,
- 41:21SPEAKER_00: most of our podcast has been about technology.
- 41:23SPEAKER_00: You can impact all these organizations with your technology.
- 41:26So when you deliver a full package,
- 41:28that's where you're going to get the most power.
- 41:31SPEAKER_01: Yeah.
- 41:31SPEAKER_01: I just think for folks that haven't heard of 1.1 at all,
- 41:34we used to do a lot of promotion during the lockdown days of it
- 41:37with Byron Peter
- 41:37SPEAKER_01: and others.
- 41:38SPEAKER_00: Yeah.
- 41:38SPEAKER_00: Thanks so much.
- 41:39Because honestly,
- 41:41the pledge 1% in the team obviously started by Mark,
- 41:44but it's turnkey.
- 41:45SPEAKER_01: So if you're founders and you want to do something to help,
- 41:47SPEAKER_01: but you're overloaded,
- 41:48SPEAKER_01: you can get help here.
- 41:49SPEAKER_01: You can roll this out.
- 41:51pretty quickly and then down the road you've got this wonderful
- 41:54almost mini
- 41:55foundation that is at the edge of turnkey right it's at the
- 41:58edge of turnkey and
- 41:59it's pretty we want to have a great technology model yeah you
- 42:01want to have a great
- 42:02business model and you want to have a great philanthropic
- 42:05giving back model because
- 42:07at the end of the day you're going to look back at your company
- 42:10and say hey
- 42:12SPEAKER_00: Did I do it the right way?
- 42:13SPEAKER_00: Not just did I hit the technology home run that I was looking for,
- 42:17SPEAKER_00: but what kind of impact did you have across the board?
- 42:20SPEAKER_00: Yeah, it's wonderful.
- 42:22SPEAKER_01: All right, Mark, this is great.
- 42:24SPEAKER_01: Anything we hit,
- 42:24SPEAKER_01: anything coming up at Salesforce,
- 42:26SPEAKER_01: the next 12 months you're excited about,
- 42:27SPEAKER_01: we didn't talk about,
- 42:27SPEAKER_01: we talked about celebrating Tableau.
- 42:29SPEAKER_00: I'm not going to roll all those things out right now, but I've got a lot.
- 42:32SPEAKER_00: We've got a lot.
- 42:34SPEAKER_00: It's going to start and end with Agent Force,
- 42:36SPEAKER_00: you know that,
- 42:37SPEAKER_00: but there's going to be some other really incredible things and
- 42:40SPEAKER_00: Don't underestimate data cloud.
- 42:42SPEAKER_00: It's been our fastest growing product ever.
- 42:44SPEAKER_00: And the revenue levels are awesome.
- 42:47SPEAKER_00: We rolled out a lot of that already.
- 42:48SPEAKER_00: It's going to be our fastest multi-billion dollar product ever.
- 42:52SPEAKER_00: And then the fundamental regeneration of all these core apps.
- 42:55SPEAKER_00: Yeah.
- 42:56SPEAKER_00: And you're starting to see our template for that.
- 42:58SPEAKER_00: So there's a lot of cool stuff coming.
- 43:00And by Dreamforce,
- 43:02and I hope everyone will be there and building on our platform today,
- 43:06We're going to have an incredible vision for the future of the
- 43:09industry and for customers.
- 43:10SPEAKER_01: It's great.
- 43:11SPEAKER_01: It's exciting.
- 43:12SPEAKER_01: I'm excited for the next generation of AI Salesforce.
- 43:15SPEAKER_01: It's fun to see.
- 43:16SPEAKER_01: It's fun to be a little piece of the journey.
- 43:17SPEAKER_01: And Mark, congratulations.
- 43:19SPEAKER_01: Thanks for the time.
- 43:19SPEAKER_01: Thank you.
- 43:20SPEAKER_00: I really appreciate it.
- 43:21SPEAKER_00: Thanks for everything you're doing with Saster.
- 43:22SPEAKER_00: It makes a huge difference for the whole industry.
- 43:24Everybody really appreciates all the work and time and effort
- 43:27that you've put into it.
- 43:28SPEAKER_00: For sure.
- 43:29SPEAKER_00: You're the best.
- 43:30SPEAKER_00: Thanks, man.
- 43:30SPEAKER_00: Bye-bye now.
- 43:31SPEAKER_00: Appreciate the extra time.