Salesforce said it was investing $15 billion in San Francisco over the next five years as CEO Marc Benioff’s support for deploying the National Guard to San Francisco continued to spark backlash on Monday.
The tech giant, which is the city’s largest private employer, said it would spend money on a new artificial intelligence incubator hub and invest in workforce development and training. The investment per year is equivalent to less than 10% of the company’s revenue, which was $37.9 billion in its most recent fiscal year.
The investment “reflects our deep commitment to our hometown — advancing AI innovation, creating jobs, and helping companies and our communities thrive in this incredible new era,” Benioff said in a statement. Salesforce declined to comment further on the investment details…