Salesforce discloses details of machine learning investments
Salesforce late last week disclosed the details of some recent acquisitions in machine learning, shedding some light on the commitment that the CRM giant is making to strengthen its AI capabilities. The company spent $32.8 million on the AI startup MetaMind in April, according to a Securities and Exchange Commission (SEC) disclosure form. As Business Insider notes, the disclosure notes that $31.2 million of its investment was recorded as goodwill — the amount in excess of the company’s fair market value. Meanwhile, Salesforce disclosed that it spent another $41.6 million on another two companies last quarter, which includes the machine learning startup PredictionIO. The acquisitions last quarter followed several other investments that Salesforce has made in machine learning, like its purchases of MinHash and TempoAI. Salesforce CEO Marc Benioff said…
Link to Full Article: Salesforce discloses details of machine learning investments
Sharing
