5 Cash-Rich Stocks to Buy Right Now

3. Salesforce, Inc. (NYSE:CRM)

Operating Cash Flow (TTM): $15.22 Billion

On June 1, Bloomberg reported that Salesforce, Inc. (NYSE:CRM) holds a stake in Anthropic PBC worth about $5 billion. The move came after making a series of investments in the fast-growing AI startup. According to a person familiar with the matter, who requested anonymity because the information is private, Salesforce first joined an Anthropic fundraising round in early 2023 with an investment of about $50 million. The company has continued to participate in subsequent funding rounds since then.

Anthropic has since emerged as one of the fastest-growing and most closely watched companies in the AI industry. Last week, the company announced a $65 billion funding round that valued it at $965 billion, including the capital raised. On June 1, Anthropic said it had confidentially submitted draft paperwork to regulators for an initial public offering.

Salesforce and Anthropic both declined to comment on the report. Anthropic’s models support artificial intelligence features across Salesforce products, including Slack, its workplace communication platform, according to a February blog post from Salesforce discussing its investment. The company wrote, “In 2023, betting on a research-heavy startup at a meaningful valuation was not obvious, given there was no market precedent of AI research turning into commercial success.”

Salesforce, Inc. (NYSE:CRM) is a customer relationship management (CRM) technology company. Its AI-powered Agentforce 360 Platform provides solutions for sales, service, marketing, commerce, collaboration, data management, integration, analytics, and information technology (IT) services.