Salesforce said on Tuesday it would buy Informatica for about $8 billion, betting on the data management platform to sharpen its competitive edge in the booming artificial intelligence market.

The proposed deal also fulfils a "shared vision" for helping organizations make the best use of data during the AI era, Informatica Chief Executive Officer Amit Walia said. The me

Salesforce says the acquisition will help the San Francisco software company, which provides tools to help businesses manage sales and customer data, ramp up its AI efforts.