Marc Benioff, the co-founder and co-CEO of Salesforce, has expressed concerns about the potential consequences of the AI spending race among tech giants like Google, Microsoft, and Amazon. He believes this intense competition could lead to a “race to the bottom” in terms of profit margins. Benioff argues that as these companies invest heavily in AI, they may prioritize market share over profitability, resulting in lower margins across the industry. He warns that this trend could have far-reaching implications, potentially impacting the broader economy and job market. Benioff’s comments highlight the growing importance of AI in the tech industry and the potential risks associated with unchecked competition and spending in this domain.