Salesforce pledges to invest an additional $250 million in generative AI startups, bringing its Generative AI Fund‘s total to $500 million. Salesforce Ventures managing partner Paul Drews says the expansion will allow Salesforce to work with even more entrepreneurs and accelerate the development of transformative AI solutions for the enterprise. The Generative AI Fund, launched in March, invests in firms on the forefront of generative AI tech, prioritizing ethical AI technologies. The Fund also stands out for its diverse range of technologies, financing Humane, which is creating a wearable, screenless AI assistant, and You.com, which hosts an AI-powered search engine with generative art and text tools. Salesforce Ventures has participated in over 140 deals for AI and machine learning startups, particularly in the areas of AI insights for sales and personalized ecommerce experiences. A KPMG survey found that almost two-thirds of execs believe that generative AI will have a high or extremely high impact on their organization within the next three to five years.
Salesforce Commits $500M to Support Generative AI Startups
Date:
Frequently Asked Questions (FAQs) Related to the Above News
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
More like thisRelated
Obama’s Techno-Optimism Shifts as Democrats Navigate Changing Tech Landscape
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?
Tech Evolution: From Obama’s Optimism to Harris’s Vision
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?
Tonix Pharmaceuticals TNXP Shares Fall 14.61% After Q2 Earnings Report
Tonix Pharmaceuticals TNXP shares decline 14.61% post-Q2 earnings report. Evaluate investment strategy based on company updates and market dynamics.
The Future of Good Jobs: Why College Degrees are Essential through 2031
Discover the future of good jobs through 2031 and why college degrees are essential. Learn more about job projections and AI's influence.