10 AI Stocks Making Waves This Week

3. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 162

Salesforce Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce. On May 21, the company announced that Indeed, a global job matching and hiring platform, is deploying Agentforce to support employer account onboarding with digital labor. Indeed will be leveraging AI agents to automate routine administrative tasks and scale its support operations. Currently, Indeed plays host to 610 million Job Seeker Profiles, allowing more than 3.3 million employers to reach the right candidates.

After the company realized that 22% of employer support requests are related to the onboarding or account moderation process, it decided to automate this process through Salesforce’s autonomous AI agents. Through the said Agentforce deployment, Indeed will be able to automate processes such as answering employer questions autonomously, and addressing routine questions about things such as the account verification process or administrative tasks related to onboarding or job posting. Indeed will also be deploying Data Cloud to streamline its extensive data from different systems and formats to ground Agentforce.

“Indeed’s dedication to rapid and efficient job matching, coupled with outstanding support for employers, is central to its success. By leveraging the power of Salesforce’s deeply unified platform, including Agentforce and Data Cloud, Indeed can deliver an enhanced onboarding experience while freeing their teams to concentrate on specialized employer needs and expanding opportunities for job seekers.”

-Adam Evans, EVP and GM, Salesforce AI.