Unlocking the Future: Salesforce Commits $500M to Boost Innovative AI Startups

June 12 2023
Salesforce has doubled its Generative AI Fund to $500 million, aiming to support startups developing responsible generative artificial intelligence (AI) technologies. The fund has already invested in firms such as Cohere, Anthropic, You.com, Hearth.AI, Humane, and Tribble, focusing on ethical AI solutions. The expansion coincides with the launch of Salesforce’s AI for Impact Accelerator, which will grant $2 million to education, workforce, and climate organizations to promote the equitable and ethical use of AI. According to Grand View Research, the generative AI sector could be worth around $109 billion by 2030.
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