What they really meant by this is: “Competing products [at peer companies]”.
This is still in effect, however the primary competing products at peer rivals is now “foundational ai”, and they need far less people and mostly people of a very specific skill sets of ML research, Inference Scaling, Hardware R&D, AI prompt engineering research. Also the cost to play is 10 billion minimum.
So Salesforce will perform rent seeking as long as their moat allows rather than gamble on foundational ai.
This is still in effect, however the primary competing products at peer rivals is now “foundational ai”, and they need far less people and mostly people of a very specific skill sets of ML research, Inference Scaling, Hardware R&D, AI prompt engineering research. Also the cost to play is 10 billion minimum.
So Salesforce will perform rent seeking as long as their moat allows rather than gamble on foundational ai.