Salesforce to Open 1st AI Center in London

FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, US, March 7, 2019. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, US, March 7, 2019. REUTERS/Brendan McDermid/File Photo
TT

Salesforce to Open 1st AI Center in London

FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, US, March 7, 2019. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, US, March 7, 2019. REUTERS/Brendan McDermid/File Photo

Salesforce has picked London for its first AI center, where it said industry experts, developers and customers will be able to collaborate on innovation and develop new skills.
The US cloud software company, which is hosting 18,000 people at its annual London World Tour event on Thursday, said a year ago it would invest $4 billion in Britain in the next five years, including in artificial intelligence innovation.
Zahra Bahrololoumi, chief executive of Salesforce UK and Ireland, said the company's customers were excited about the benefits of AI, but were cautious about the emerging risks.
"No company will adopt AI unless they can trust it, which is why we are so well positioned," she told Reuters, pointing to Salesforce's Einstein technology, which has a "Trust Layer" to ensure customers' data is not compromised.
"We are sending a clear message to customers and partners on AI, we are deeply committed to working closely together so that you can reap the rewards of this transformative technology, while ensuring it is a force for good," she said.



Samsung Invests $1.8 Billion More in Vietnam for OLED Manufacturing Plant 

Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
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Samsung Invests $1.8 Billion More in Vietnam for OLED Manufacturing Plant 

Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)

South Korean electronic manufacturer Samsung Display Co plans to invest $1.8 billion for a factory this year in northern Vietnam to produce OLED displays for automobiles and technology equipment, the Southeast Asian country said on Sunday.

The new facility for the manufacture of organic light-emitting diode (OLED) displays will be located in Yen Phong industrial park in Bac Ninh province east of Hanoi and close to an existing Samsung electronics plant, the government said in a statement released after the meeting between Prime Minister Pham Minh Chinh and the General Director of Samsung Vietnam Choi Joo Ho.

Bac Ninh authorities and Samsung Display on Sunday also signed a memorandum of understanding of the project, local media reported, adding the investment would raise Samsung's total investment in Bac Ninh to $8.3 billion from the current $6.5 billion.

Vietnam has over the last decade emerged as one of the most attractive production hubs for electronics companies.

According to Choi, Samsung has established six manufacturing plants, one research and development center, and one sales entity in Vietnam, with a cumulative investment of $22.4 billion.