We recently published a list of 10 AI Stocks Making Waves This Week. In this article, we are going to take a look at where Salesforce Inc. (NYSE:CRM) stands against other AI stocks that are making waves this week.

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.NYSE:CRM

A customer service team in an office setting using the company's Customer 360 platform to communicate with customers.

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.”

Overall, CRM ranks 3rd on our list of AI stocks that are making waves this week. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

View Comments