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via finance.yahoo.comBusiness & Companies

Why Is Salesforce (CRM) Backing A $700 Million AI Assistant Startup?

FROM THE WIRE · FINANCE.YAHOO.COM

Salesforce (NYSE:CRM), through Salesforce Ventures, joined a US$700 million funding round for AI startup Hark. Hark is developing proprietary AI foundation models to power a personal assistant positioned as a rival to Elon Musk's Grok. The investment extends Salesforce Ventures'…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralSalesforce Ventures joined a $700 million round, extending its AI exposure beyond its core CRM products.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Salesforce Ventures joined a $700 million funding round for AI startup Hark.
  2. 02Hark is developing proprietary AI foundation models for a personal assistant positioned as a rival to Grok.
  3. 03Salesforce is a $188.6 billion software group focused on customer relationship management tools.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Salesforce, Inc.CRMStock228.56 USD-1.57%today -0.27%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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