Over the past week, Generative AI startups inked deals worth over $1.5 billion as tech powerhouses and VCs continue to up their antes. Among those were Salesforce, Inflection AI, and Intuit.
Salesforce (NYSE: CRM) released new Generative AI capabilities for Sales Cloud and Service Cloud during the World Tour London: AI Day. The newly launched Sales GPT and Service GPT are intended to overhaul the customer interaction landscape for sales and service teams with features like auto-generating customer emails, call summaries, and service replies.
Inflection AI, which aims to democratize personal AI assistants, raised a mega $1.3 billion in a funding round at a $4 billion valuation, from Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and NVIDIA. The startup plans to utilize the funds to construct the world's largest AI cluster, in partnership with CoreWeave and NVIDIA, and further enhance their personal AI product "Pi", known for its natural, conversational style.
Intuit (NASDAQ: INTU) announced a pivotal collaboration with OpenAI to augment Generative AI-driven application development on its proprietary Intuit Generative AI operating system (GenOS). Leveraging GPT LLMs, Intuit plans to revolutionize product experiences for its global customer base of over 100 million.
In addition, Generative AI startups Runway and Typeface also topped headlines with their recent funding rounds. New York based Runway, known for its AI image generator Stable Diffusion and latest text-to-video Generative AI Gen-2, extended their Series C funding round by $141 million. San Francisco-based Typeface raised $100 million in a Series B round, fueling its AI platform that enables content creation for the enterprise.
The latest capital injections and high-profile investor participation signal AI's long voyage is just setting sail. The total sum of over $14.5 billion invested in Generative AI this year places it at paramount priority in the tech market.
