Salesforce Ventures Doubles AI Fund to $1 Billion
Salesforce Ventures Doubles AI Fund to $1 Billion
Salesforce Ventures Doubles AI Fund to $1 Billion
News summary

Salesforce has announced a $5 million grant to San Francisco's public schools aimed at enhancing AI education and literacy, as part of a $13 million national initiative to support STEM education. This funding enables schools to provide resources such as AI tutoring bots to assist students with college applications and resume writing. Concurrently, Salesforce Ventures has launched a $500 million AI fund, increasing its total AI investment to $1 billion in just 18 months, highlighting a growing trend in venture capital for AI startups. The venture arm has invested in over two dozen companies, including Anthropic and Hugging Face, and is seeking to connect startups with Fortune 500 leaders. This surge in funding comes amid a significant interest in AI technologies, which continue to dominate venture capital investments. Mayor London Breed emphasized San Francisco's commitment to education and innovation, especially in the context of navigating the challenges faced by local school districts.

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