Saudi National Cybersecurity Authority to Hold 4th Global Cybersecurity Forum in October

A night view of Riyadh, Saudi Arabia. (Reuters)
A night view of Riyadh, Saudi Arabia. (Reuters)
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Saudi National Cybersecurity Authority to Hold 4th Global Cybersecurity Forum in October

A night view of Riyadh, Saudi Arabia. (Reuters)
A night view of Riyadh, Saudi Arabia. (Reuters)

Under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al-Saud, the National Cybersecurity Authority (NCA) will hold here the fourth edition of the Global Cybersecurity Forum (GCF) on October 2-3.

The event, held under the theme “Advancing Collective Action in Cyberspace”, will endeavor to boost international cooperation by bringing together thought leaders, decision makers, and prominent international entities in the field to address the most pressing issues in cyberspace.

This edition will build on the foundation and objectives set by previous editions, helping to bolster international cooperation in cybersecurity.

The event will feature a series of dialogue sessions focused on five key sub-themes: “Beyond Cyber Discord”, on building trust to advance international cyber cooperation; “Cyber Psychology”, on understanding human behavior in cyberspace; “Cyber Social Fabric”, on strengthening development of and inclusion in cyberspace, to bridge the gap between communities, organizations, and countries; “Thriving Cyber Economy”, on the contribution of the cyber economy to development through strong markets and resilient cyber ecosystems; and “New Cyber Frontier”, on how emerging technologies converge to push forward progress and innovation in cyberspace.

GCF is a global platform that brings together decision makers, government and private sector representatives, cybersecurity leaders, academics, and non-governmental organizations to work to improve cybersecurity, achieve economic and social development, and complement global cybersecurity efforts.



Salesforce Gains as Software Firm Bets on AI Tools to Power Growth

The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
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Salesforce Gains as Software Firm Bets on AI Tools to Power Growth

The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights

Shares of Salesforce gained more than 5% on Thursday as investors cheered the customer relationship management software maker's upbeat quarterly results and its artificial intelligence push to drive growth.

The company has been heavily investing to integrate its AI technologies into existing products, such as its messaging platform Slack, to enhance their capabilities and attract more customers.

"We continue to see Salesforce as an under-appreciated AI winner as its differentiated data and early success in creating/deploying GenAI agents," Reuters quoted Goldman Sachs analyst Kash Rangan as saying.

Wall Street was concerned that tempered cloud spending would affect Salesforce in a tough economy, but the software-as-a-service (SaaS) firm reported better-than-expected revenue, profit and margins in the second quarter.

Salesforce also raised its profit forecast for the year ending January 2025, as margins continue to expand, thanks to its restructuring efforts last year.

The stock is trading at 24.49 times that of Wall Street's profit expectations, compared with 52.11 for SaaS peer ServiceNow and cloud contact center firm Five9's 13.30.

Salesforce is set to add $14 billion to its market capitalization if premarket gains hold. The company's valuation stood at $248 billion as of Wednesday's close.

"We think these results alone are not good enough to drive a sustainable rally from here. For that, we need more catalysts, which could come with the new AI solutions," which are set to be showcased at its event Dreamforce and launched in October, Barclays analyst Raimo Lenschow said.

Some analysts believe that sustained growth in the coming quarters can come through customer support platform Agentforce, which is not yet commercially available.