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Cohere

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technology1 year ago

Cohere Claims AI Startups Build Bugatti Sports Cars, While They Make F-150s

Cohere, an AI startup backed by Nvidia, is positioning itself as the provider of heavy-duty "F-150" pickup trucks in the AI industry, in contrast to the "fancy sports cars" offered by other startups. Focused on generative AI for enterprise chatbots, the company has raised $270 million at a $2.2 billion valuation and is in talks to raise up to $1 billion more. Cohere's enterprise-only approach, efficient operations, and strategic investor relationships set it apart from competitors. The company's growth has been centered around areas like search and retrieval, and it anticipates 2024 to be the year of deployment at scale for its AI solutions.

via CNBC|
#ai#cohere#enterprise-chatbots
ai2 years ago

Cohere secures $270M in funding from Nvidia, Oracle, and others for generative AI development.

Cohere, an enterprise-focused generative AI startup, has raised $270 million in a Series C round of venture capital which includes AI giant Nvidia as an investor. The round was also backed by Oracle and Salesforce. Cohere makes AI tools that can power copywriting, search and summarization, and it sees an opportunity to grow in the market and differentiate itself from OpenAI by focusing on enterprise concerns about proprietary data being fed into large language models.

via CNBC|
#ai#ai-investment#cohere
business2 years ago

Cohere secures $270 million in funding for AI development.

Cohere, an AI foundation model company, has raised $270 million in a funding round from investors including Nvidia, Oracle, and Salesforce Ventures. The Toronto-based startup, which focuses on building AI models for enterprise customers, is valued at $2.2 billion. Cohere will use the fresh funding for purchasing computing resources and hiring. The company has been positioning itself to be a neutral provider for enterprises to use models that are not tied to cloud providers like Microsoft.

via Yahoo Finance|
#ai#business#cohere
business2 years ago

Cohere secures $270M funding from Nvidia, Oracle, and Google for generative AI.

AI foundation model company Cohere has raised $270m in a funding round from investors including Nvidia, Oracle and Salesforce Ventures, valuing the Toronto-based start-up at $2.2bn. Cohere focuses on building AI models for enterprise customers and will use the funding for purchasing computing resources and hiring. Cohere competes with Microsoft-backed OpenAI and has positioned itself as a neutral provider for enterprises to use models that are not tied to cloud providers like Microsoft.

via Yahoo Finance|
#ai#business#cohere
technology2 years ago

Cohere, Generative AI Start-Up, Valued at $2 Billion in Funding Round and in Talks for $250 Million Fresh Funding.

Toronto-based start-up Cohere has raised $250 million in funding, valuing the company at about $2 billion. Cohere builds technology that other businesses can use to deploy chatbots, search engines, and other AI-driven products. The company is among a small group of companies building technology that could rival systems under development at OpenAI, the San Francisco start-up that kicked off the generative AI boom in November with the release of the chatbot ChatGPT. Investors include Salesforce, Nvidia, Inovia Capital, and Index Ventures.

via The New York Times|
#artificial-intelligence#chatgpt#cohere