American company Salesforce Inc. $CRM, known for its innovations in software and cloud services, has announced significant plans to expand its operations in Saudi Arabia. As part of its strategy to implement artificial intelligence technologies, the company intends to invest $500 million in this rapidly growing economy over the next five years.

In recent years, Amazon has been in the spotlight for its significant achievements across different business sectors. However, the company sometimes struggles to meet the high expectations of investors, especially in the field of cloud technologies. Recent news highlights a drop in Amazon $AMZN stock following the release of a quarterly report, necessitating a closer examination.

Germany-based $SAP, Europe’s largest technology company, recently impressed the market with its stellar cloud computing performance in Q4. The company’s cloud segment exceeded analyst expectations, driven by growing demand for artificial intelligence (AI) capabilities that enhance business operations.