Salesforce (CRM.N) on Monday increased its venture capital fund for generative AI firms to $500 million and launched the AI Cloud service to deliver the company’s AI-powered products to enterprises.
AI Cloud will integrate Salesforce’s Einstein service, Slack, and Tableau. The company said its basic pack costs $360,000 yearly.
Technology companies are racing to include generative AI into their systems, which can generate new text, pictures, and other content from historical data.
“AI is reshaping our world and transforming business in ways we never imagined, and every company needs to become AI-first,” stated Salesforce CEO Marc Benioff.
AI Cloud will host Amazon Web Services, Anthropic, and Cohere’s large-language models (LLMs), the basic software of artificial intelligence systems, alongside its products.
Salesforce intends to help LLMs avoid storing sensitive consumer data to protect businesses employing such solutions.
The business debuted Einstein GPT in March and claimed it is collaborating with OpenAI to extend the chatbot sensation to Slack.