Salesforce to invest $500M in generative AI startups

To start ahead in tech business, companies needs to challenge themselves and keep innovating. Salesforce is one of those tech companies decided to stay ahead of the curve by leading the way in the generative AI.

The company recently announced that it’s growing its Generative AI Fund, the part of the company’s Salesforce Ventures VC off-shoot backing startups developing “responsible generative AI,” from $250 million in size to $500 million.

Speaking about the new developments, Salesforce Ventures managing partner Paul Drews in a press statement said, “work with even more entrepreneurs, accelerating the development of transformative AI solutions for the enterprise.”

“We’re already seeing AI change the way the world works, and we’re excited to build on the momentum of our Generative AI fund. We’re excited to support the next generation of innovative founders,” adds Drews.

“AI for Impact aims to close the AI access gap by providing flexible funding, pro-bono expertise and technology to purpose-driven organizations, empowering them to accelerate generative AI-based solutions to the world’s most pressing challenges,” Salesforce said in a press release.

“AI for Impact [is a] philanthropic initiative to help purpose-driven organizations gain equitable access to trusted generative AI technologies.”

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