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Salesforce, one of many world’s main cloud-based software program corporations, is investing in generative AI and launching new merchandise and initiatives to leverage its potential for enterprises and social influence.
Salesforce Ventures, which can also be one of many main buyers in generative AI, has lately doubled its Generative AI Fund from $250 million to $500 million. The fund helps modern startups which might be creating generative AI options.
The Generative AI Fund has invested in prime AI corporations, together with Fireside, You.com, Anthropic, and Cohere. Different startups that joined the fund are Humane and Tribble, that are engaged on human-centered and content-generating AI, respectively.
Paul Drews, the managing associate of Salesforce Ventures, mentioned that the corporate needs to extend its Generative AI Fund to collaborate with extra entrepreneurs who’re advancing generative AI for the enterprise sector.
Salesforce can also be launching AI Cloud, a brand new suite of merchandise that integrates generative AI with information from a number of sources to supply trusted and open AI for enterprises. AI Cloud goals to enhance the Salesforce platform with generative AI capabilities throughout numerous domains, similar to buyer relationship administration, advertising and marketing, and analytics. It additionally ensures information safety and privateness through the use of the Einstein GPT Belief Layer, which prevents LLMs from retaining delicate buyer information. The AI Cloud Starter pack prices $360,000 per 12 months.
Lastly, the corporate has launched Salesforce Accelerator – AI for Affect, a brand new philanthropic initiative that goals to assist purpose-driven organizations entry and use generative AI applied sciences.
Based on Salesforce analysis, many nonprofits lack the sources and abilities to undertake and put money into generative AI applied sciences. To deal with this hole, Salesforce Accelerator will present versatile funding, professional bono experience, and expertise to a cohort of organizations engaged on AI-based options to the world’s most urgent challenges. The accelerator will grant $2 million in 2023 and host innovation periods with grantees and companions to discover alternatives and dangers round generative AI.
In March, Salesforce launched a web3 product suite to assist corporations create, handle, and deploy NFTs. The suite permits web2 manufacturers to entry web3 by means of a single platform.
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