• CO/AI
  • Posts
  • Salesforce's $500M AI Fund 🟢

Salesforce's $500M AI Fund 🟢

The venture capital arm's $500 million fund brings its total AI investment to $1 billion, reflecting the company's focus on integrating advanced AI capabilities into its enterprise solutions.

Today in AI

  • News roundup

  • Today’s big story

  • AI research changing the world

  • The tool we’re loving

  • This week on the podcast

News roundup

The top stories in AI today.

FUTURE OF WORK

Jobs are changing — are you?

NEW LAUNCHES

The latest features & products in AI innovation.

MODELS

Deployment, research, training, infrastructure

GOVERNMENT

Press releases, regulation, defense & politics.

FINANCE & ECONOMICS

Economics, wall Street & fundraising

What’s happening in AI right now

Salesforce bets big on AI agents

Salesforce is making a bold move in the AI space with the launch of AgentForce, a suite of AI-powered autonomous agents, and a new $500 million AI focused venture fund. This brings the company's total AI investment to $1 billion over the past 18 months. CEO Marc Benioff, inspired by a conversation he had with Steve Jobs in 2010, has positioned AgentForce as Salesforce's sole focus, aiming to revolutionize enterprise software with intelligent systems capable of complex reasoning and decision-making. Benioff describes Agentforce as the “biggest and most exciting piece of technology” Salesforce has ever worked on.

AgentForce is now integrated into every Salesforce cloud, offering out-of-the-box agents for various roles and allowing customization using low-code tools. Early adopters report significant productivity gains, with one customer noting a 35% increase in customer service efficiency. However, questions remain about how AgentForce will differentiate itself in a crowded AI market and whether the massive financial commitment will translate into proportional gains for Salesforce and its customers.

Salesforce's moves are likely to accelerate innovation in the AI startup ecosystem, potentially leading to new enterprise facing solutions. By allocating significant resources to AI development and startups, Salesforce aims to enhance its suite of customer relationship management (CRM) and cloud-based solutions with advanced AI capabilities. For businesses, AgentForce promises to transform operations across various functions, but companies will need to carefully consider how to integrate these AI agents into their existing workflows and train employees to work alongside them effectively.

As we watch Salesforce's billion-dollar AI gamble unfold, it's clear that the enterprise software landscape is on the brink of a significant shift. Business leaders should start planning for AI integration, invest in AI literacy for their workforce, and consider the ethical implications of AI deployment simultaneously. Whether AgentForce will be the catalyst for widespread change remains to be seen, but its impact will undoubtedly be felt across the industry.

We publish daily research, playbooks, and deep industry data breakdowns. Learn More Here

AI research changing the world

The latest breakthroughs and most pivotal papers — broken down in language anyone can understand.

Bigger may be better, reveals OpenAI's latest research

In an era where AI is rapidly evolving, OpenAI's latest research uncovers intriguing insights about the scalability of neural language models. This study, conducted by a team of experts from both OpenAI and Johns Hopkins University, delves into the relationship between model size, dataset size, and computational power in language processing AI. The findings suggest that the path to more efficient AI could lie in scaling up model sizes, a move that may shift the focus from 'big data' to 'big models'. OpenAI's research presents a compelling argument for the power of larger models. It turns out that these behemoths are not just more capable but also more data-efficient. They achieve better performance with fewer training steps, suggesting that when it comes to training AI, size does matter.

This revelation could redefine strategies for AI development, pushing the boundaries of what these models can achieve. One of the key takeaways from the study is the discovery of power-law relationships in the performance of AI models. This means that as the size of the model increases, the performance improves in a predictable manner. It's not just about adding more parameters haphazardly; it's about scaling up intelligently. The research demonstrates that when model size, dataset size, and computational power are increased in tandem, the performance of language models improves smoothly and predictably. The implications of these findings are significant for industries relying on AI for language processing tasks. By investing in larger models, companies can potentially achieve better results with less data, which could translate to cost savings and efficiency gains. Moreover, the study's insights into the minimal impact of architectural details on performance could simplify the design of future AI systems.

The AI tool we’re loving right now

The best way to get AI literate? Try the tools!

BigVu

There’s no way around it — being a content creator, influencer or business leader these days requires publishing high-quality video content. That’s why BigVu is such a powerful tool. BigVu uses the power of AI to allow you traverse the entire lifecycle of video creation and publishing with some very cool features:

  • Eye contact correction

  • Subtitle & caption generation

  • Video-to-text transcription

  • Script generation

  • Teleprompter

  • AI voice changing & cloning

  • Background music generator

  • Post Scheduler

  • Landing page generator

  • And much more

The best part? CO/AI subscribers get access to a special discount when they sign up using the link below. Use our promo code MEHFIN63 at checkout to receive $20 off when you subscribe.

Want to learn how to use BigVu? Check out our tutorial here.

This week on the podcast

Can’t get enough of our newsletter? Check out our podcast Future-Proof.

In this episode Anthony, Shane, and Elizabeth discuss the transformative impact of AI on sales processes and e-commerce. The conversation highlights the competitive edge that AI-native companies have over traditional businesses, the evolving landscape of customer interactions, and the potential for AI to streamline workflows and enhance personalization at the same time.

CO/AI Future-Proof AI podcast on Spotify
CO/AI Future-Proof AI podcast on Apple
CO/AI Future-Proof AI podcast on YouTube

How'd you like today's issue?

Have any feedback to help us improve? We'd love to hear it!

Login or Subscribe to participate in polls.

Reply

or to participate.