With its Generative AI Fund now sitting at an impressive $500 million, Salesforce has also introduced a brand-new AI Cloud service along with a strategic Accelerator Program.
In Brief
Salesforce Ventures has raised its Generative AI Fund to a remarkable $500 million, signaling a strong dedication to nurturing groundbreaking startups within the generative AI sector.
The newly launched AI Cloud suite from Salesforce aims to seamlessly integrate generative AI features across various sectors, prioritizing data protection through its Einstein GPT Trust Layer.
Among its latest initiatives, Salesforce is debuting an AI for Impact program through the Salesforce Accelerator, striving to empower organizations with a mission to harness generative AI for meaningful, positive change.
Salesforce, a prominent force in the cloud software landscape, is heavily investing in generative AI, launching a series of innovative products and programs to fully exploit its capabilities for enterprises and social betterment.
Salesforce Ventures, a key player in the generative AI investment arena, has just announced a notable increase in its Generative AI Fund, doubling it from $250 million to $500 million to back pioneering startups in the field. doubled The Generative AI Fund has made investments in leading AI companies such as Hearth, while also welcoming other innovative startups like Humane and Tribble, which are focusing on user-centric and content creation AI technologies, respectively.
Paul Drews, the managing partner at Salesforce Ventures, emphasized the company's intention to grow its Generative AI Fund further, fostering collaboration with entrepreneurs driving generative AI advancements in the business sector. You.com , Anthropic , and Cohere The AI Cloud launches as a cutting-edge suite of offerings, weaving generative AI with diverse data sources to deliver reliable, transparent AI solutions for businesses. This initiative enriches the Salesforce platform with generative AI functionalities across fields like customer relationship management, marketing, and analytics. It prioritizes privacy and data security through the Einstein GPT Trust Layer, ensuring that customer information remains confidential and protected. The annual cost for the AI Cloud Starter package is set at $360,000.
Salesforce Accelerator – AI for Impact
Salesforce is also launching AI Cloud This is a progressive philanthropic venture designed to empower organizations focused on social good to access and utilize generative AI technology effectively.
Finally, the company has introduced Salesforce's studies reveal a notable skills gap among nonprofits regarding the adoption of generative AI technologies. In response, the Salesforce Accelerator will offer flexible financial support, expert consulting services, and technology resources to a select group of organizations dedicated to AI-driven solutions that tackle pressing global issues. The Accelerator is set to distribute $2 million in funding for 2023 and will conduct innovation workshops with grantees and partners to explore opportunities and concerns surrounding generative AI. a comprehensive suite of web3 products aimed at helping businesses create, manage, and deploy NFTs. This suite provides web2 brands with a streamlined path into the web3 space via a unified platform.
Meta is rolling out an innovative AI-powered platform that has the potential to enhance medical research and improve avatar technology.
In March, Salesforce launched Gensyn AI has successfully closed a $43 million Series A funding round led by a16z.
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- Agne is a seasoned journalist dedicated to covering the latest developments and trends in the metaverse, AI, and Web3 for the Metaverse Post. Her passion for storytelling drives her to conduct numerous interviews with industry experts, always in search of intriguing and captivating narratives. Holding a Bachelor's degree in literature, Agne has a robust background in writing on a wide array of topics, including travel, art, and culture. Additionally, she has volunteered as an editor at an animal rights organization, helping to raise awareness about animal welfare issues. You can reach out to her at
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