CNBC June 8, 2023
Key Points
– Nvidia is among big tech investors, along with Oracle and Salesforce, joining a $270 million round for generative AI startup Cohere, whose founders came from Google Brain where they worked on large language models.
– Cohere is focused on gen AI for enterprise licensing, and sees an opportunity to provide firms with a gen AI service that eliminates proprietary data concerns about Microsoft-backed OpenAI’s model.
– Nvidia CEO Jensen Huang said in a release about the deal, “The team at Cohere has made foundational contributions to generative AI. Their service will help enterprises around the world harness these capabilities to automate and accelerate.”
Cohere, an enterprise-focused generative artificial intelligence startup, has raised $270 million in a Series...
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