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On Tue, 17 Sept, 12:05 AM UTC
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Salesforce pumps another $5M into SFUSD
Why it matters: AI is one of the most consequential technologies of our time, and the grant money is intended to support STEM education and AI literacy in local public schools. Driving the news: Salesforce's grant to the San Francisco Unified School District is part of a $13 million portfolio of grants to public school districts nationwide to help students and teachers prepare for AI, the company announced Monday. Zoom in: With this latest grant, Salesforce is "really trying to help the districts navigate" the "massive swell of AI technologies that are entering the classrooms, whether they like it or not," Salesforce chief impact officer Suzanne DiBianca told the San Francisco Chronicle. Between the lines: As of early this year, California was just one of two states that had issued policy guidance for K-12 schools on artificial intelligence platforms like ChatGPT. What they're saying: "Not only is San Francisco the AI capital of the world, we are a city that has long been committed to education and career development," Mayor London Breed said in a press statement. Zoom out: The grant comes as SFUSD navigates financial turmoil, facing a $420 million deficit at the start of the 2024-25 school year.
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Salesforce gives $23M to education to help the AI generation unlock critical skills
Ron Smith a VP at SalesForce joins with this new grant to the San Francisco and Oakland Unified School District. The funding will emphasize AI education and literacy to prepare students for the future workforce. Reed Cowan interviews. (09-16-2024) Website: http://kpix.com YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv Twitter: https://twitter.com/KPIXtv
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Salesforce Gives $23M to Education to Help the AI Generation Unlock Critical Skills By Investing.com
New grants will support high schools and middle schools in cities across the United States More than $6 million will go toward AI education and literacy Marc and Lynne Benioff will donate an additional $3 million to schools in Hawai'i SAN FRANCISCO--(BUSINESS WIRE)--Salesforce (NYSE: CRM), the world's #1 AI CRM, ahead of the company's annual Dreamforce conference, today announced $23 million in new grants to U.S. school districts and global education nonprofits to equip students with the skills needed for future success. Salesforce (NYSE:CRM)'s 12-year commitment to education has now reached $150 million in grants to schools across the country. And, Marc and Lynne Benioff will donate an additional $3 million to DonorsChoose to support public education in Hawai'i, building on two decades of philanthropic giving in the state. AI is transforming the way we work, but only 15% of workers say that they have the education and training necessary to use AI effectively. The funding will provide students with career readiness opportunities and help them learn new skills " like AI and STEM " to prepare for the future, while providing educators with the latest technology in the classroom. The new grants will also support nonprofits that are helping widen access to AI training and increase pathways to meaningful careers. To succeed in today's workforce, people must build the skills to use technology effectively " and that starts in school, said Suzanne DiBianca, EVP and Chief Impact Officer, Salesforce. Together with our partners, Salesforce is helping give schools the tools they need to keep up with the pace of innovation and prepare students for an AI future to make sure that no one is left behind. Salesforce's ongoing commitment to public education The company is directing $13 million of this year's grants to middle schools and high schools across the country, including San Francisco Public Schools, Oakland Public Schools, New York City Public Schools, Chicago Public Schools, and Indianapolis Public Schools. The grants will support programs that increase STEM access, bring real-world work experiences into the classroom, and introduce AI literacy. Salesforce has made the single largest investment from any private entity to San Francisco Unified School District (SFUSD) and Oakland Unified School District (OUSD) " and those communities are seeing the impact. At SFUSD, the number of female and underrepresented students of color taking Computer Science classes has doubled in the last decade. And, OUSD educators reported increased demand for Computer Science coursework in high school as a result of middle school programming, with 65% of computer science middle school enrollment being Black or LatinX students. Emerging technologies like AI will continue to impact our schools, workplaces, and society, said San Francisco Mayor London Breed. Not only is San Francisco the AI capital of the world, we are a city that has long been committed to education and career development. I'm grateful for Salesforce's pursuit of equality through technology access and helping students and teachers be prepared for the AI future. Salesforce's support of our schools has made a profound impact on San Francisco public school students, preparing them for an AI future by focusing on science, technology, engineering, and math (STEM) education, said Dr. Matt Wayne, Superintendent of SFUSD. We are incredibly grateful for Salesforce's unwavering commitment to public education and the students of San Francisco. Accelerating AI education, skills, and literacy Salesforce will also grant $10 million to 14 nonprofits in the U.S., France, and Australia, with more than $6 million allocated to nonprofits focused specifically on AI skilling and literacy. These investments will help students explore career opportunities, foster AI education, and alleviate education inequities. Organizations include AI4All, aiEDU, Aurora Education Foundation, Boston Private Industry Council, CareerVillage, Code The Dream, Competency-Based Education Network (LON:NETW) (C-BEN), Enterprise For Youth, Fast Forward, Forum des images, The Hidden Genius Project, Launch Pathways or Launch: Equitable & Accelerated Pathways for All, Re:Coded, and Rivet School. Last year, Salesforce also launched an AI accelerator to multiply its impact by supporting nonprofits creating AI-powered tools and technology, nurturing ideas like Teacher Agents to assist teachers with administrative tasks, and Advisor Agents to help advisors personalize learning for their students. AI is rapidly transforming our world, and it's crucial that we prepare all students to thrive in this new reality, said Alex Kotran, Co-Founder and CEO at aiEDU. With Salesforce's support, we can advance AI literacy and readiness across the education system, ensuring every student has the opportunity to develop the enduring skills needed for success in an AI-driven future. Together, we're not just teaching about AI tools; we're empowering a generation to become informed creators, consumers, and citizens in a world where AI is everywhere. Marc and Lynne Benioff's Commitment to Education in Hawai'i Marc and Lynne Benioff will donate $3 million in matching funds to DonorsChoose to support teachers and students in Hawai'i. This funding will help provide mental health resources for teachers, classroom supply needs for students with disabilities, care and hunger supplies, and STEM education resources. This builds on a two-decade-long commitment by the Benioffs to giving philanthropically in Hawai'i, totalling more than $250 million. Philanthropy at Salesforce is funded by a combination of corporate giving and donations from the Salesforce Foundation. Salesforce helps organizations of any size reimagine their business for the world of AI. With Agentforce, Salesforce's trusted platform, organizations can bring humans together with agents to drive customer success"powered by AI, data, and action. Visit www.salesforce.com for more information.
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Salesforce announces a $23 million grant to San Francisco public schools, focusing on AI education and critical skills development for the 'AI Generation'. This initiative aims to prepare students for the evolving job market influenced by artificial intelligence.
Salesforce, the San Francisco-based tech giant, has announced a significant $23 million grant to the San Francisco Unified School District (SFUSD), marking a pivotal moment in educational funding for artificial intelligence (AI) skills 1. This investment is part of Salesforce's ongoing commitment to education and workforce development in the era of AI.
The grant is specifically designed to help what Salesforce terms the 'AI Generation' – today's students who will enter a workforce dramatically transformed by artificial intelligence 2. The funding aims to unlock critical skills necessary for success in this new landscape, including problem-solving, critical thinking, and AI literacy.
Salesforce's grant will support a range of educational initiatives within the SFUSD:
The investment is expected to have a lasting impact on San Francisco's educational landscape and future workforce. By equipping students with AI skills early on, Salesforce aims to:
This grant is part of Salesforce's broader philanthropic efforts in education. The company has a history of supporting San Francisco public schools, with this latest investment bringing their total contributions to over $100 million since 2013 3.
Salesforce is working closely with city officials and SFUSD leadership to ensure the grant's effective implementation. The collaboration aims to align the AI education initiatives with the district's overall educational goals and the city's workforce development strategies.
While the grant presents significant opportunities, it also comes with challenges:
As San Francisco positions itself at the forefront of AI education, this Salesforce grant could serve as a model for other cities and companies looking to prepare the next generation for an AI-driven future.
Salesforce Ventures has increased its AI-focused fund to $1 billion, doubling its previous commitment. This move underscores the company's strong belief in AI's potential to transform various industries and its dedication to supporting innovative AI startups.
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Salesforce plans a significant $500 million investment in Saudi Arabia to boost AI innovation, introduce Hyperforce, and expand its partner ecosystem, marking a major step in the company's global AI strategy.
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Salesforce CEO Marc Benioff announces plans to hire 2,000 new salespeople to sell AI products, doubling previous estimates. This comes as the company prepares to launch Agentforce 2.0, its next-generation AI platform, in February 2025.
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Salesforce announces a $1 billion investment in Singapore over five years to accelerate AI adoption, focusing on its Agentforce platform and addressing workforce challenges.
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7 Sources
Salesforce's stock price increases following the company's announcement of new AI-powered tools and a positive outlook for the upcoming fiscal year. The software firm aims to leverage artificial intelligence to drive growth and improve its products.
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