Overview

• Salesforce Ventures announced an additional $500 million to its AI fund during the Dreamforce conference in San Francisco.
• This latest investment brings the total AI fund to $1 billion, following previous increments in March and June 2023.
• The fund aims to support generative AI companies, with notable investments in startups like Anthropic, Cohere, and Hugging Face.
• Salesforce Ventures has already invested in 24 AI companies and plans to continue supporting innovative AI entrepreneurs.
• The announcement underscores the growing corporate interest in AI, as venture funding in the sector remains robust.