Salesforce paid over $20 million to license Albert Einstein's image in a 2016 deal, aiming to enhance its position in the AI market. The proceeds from the deal benefit Jerusalem's Hebrew University. The agreement was reached when the AI startup was valued at $18.4 billion. The startup is now in advanced discussions to raise $500 million at a $5 billion valuation.
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Salesforce Splurged $20 Million on the Face of its AI Strategy #AI #AIbranding #AIsafety #AItechnology #AlbertEinstein #artificialintelligence #ClaraShih #Education #HebrewUniversityofJerusalem #intermediary #licensing #llm #machinelearning https://t.co/03yauIp5tx https://t.co/gqBW5omQoB
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The AI startup is in late-stage talks to raise $500 million at a $5 billion valuation. https://t.co/fX3bPFFi4R
The deal was struck at the AI startup’s last valuation, which was $18.4 billion. https://t.co/TT4ROlc5qu
Albert Einsten has found another life as a mascot of Salesforce's artificial intelligence features. And it wasn’t cheap — the company paid more than $20 million to license his image in a deal struck nearly a decade ago https://t.co/5tXRIiEHds
Source: Salesforce paid $20M+ to license Einstein's image in a 2016 deal, hoping to gain an edge in the AI market; proceeds go to Jerusalem's Hebrew University (@brodyford_ / Bloomberg) https://t.co/ZbfOSlLZ78 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/4joN9WsoTW
Scoop: Albert Einstein’s been dead for nearly a century. He still scored a $20M compensation package at Salesforce. https://t.co/7jEaNBygsm