Salesforce is doubling the size of its generative AI venture fund from $250M to $500M. The news comes just four months after it announced the initial commitment in March earlier this year. The cloud-based software products maker also announced its AI-focused line of products would be placed under its AI Cloud product portfolio, sitting alongside fellow major product lines Sales Cloud and Service Cloud.
Bloomberg Intelligence predicts that generative AI will produce $1.3T in sales by 2032. |