Salesforce will invest $50 million into the growing world of AI-based startups, the company told Reuters earlier today. Salesforce Ventures Executive Vice President John Somorjai said that the firm’s goal in creating this fund is to get more AI solutions out of the realm of ideas and help make those a reality for its clients. One of Salesforce’s own biggest specialties is cloud computing, and the company recently dove into the world of AI itself when it trotted out its Einstein AI tech about a year ago, meant to automate some processes and crunch numbers more efficiently than humans. Getting AI startups off the ground, especially when the company will have a vested interest in those startups, is obviously beneficial to the AI field in general and Salesforce’s access to AI development knowledge and research in particular. Should companies flourish commercially, Salesforce Ventures will also be able to reap financial benefits from the deployment of its fund.
