Meanwhile, Sapphire Ventures has committed over $1 billion to support the next generation of AI-powered enterprise technology, focusing on B2B software companies that make AI easily accessible. Tech giants like Amazon, Google, Salesforce, and Zoom are investing in Anthropic, a public benefit corporation aiming to develop "helpful, harmless and honest" AI models.
Key takeaways:
- Sequoia Capital is focusing its investment strategy on artificial intelligence (AI) applications, particularly in companies that utilize foundation models rather than create them.
- Roelof Botha, partner at Sequoia Capital, stated that the firm's funds are not designed to cover the costs associated with building large language models (LLMs) and other media equivalents known as foundation models.
- Sapphire Ventures has committed an investment of over $1 billion to cultivate the next generation of AI-powered enterprise technology, focusing on B2B software companies that make AI easily accessible.
- Amazon, Google, Salesforce, and Zoom are among the companies investing in Anthropic, a public benefit corporation aiming to develop “helpful, harmless and honest” AI models.