Reported about 11 hours ago
Cohere, an enterprise AI model maker, has reached a $7 billion valuation after raising an additional $100 million, following its previous funding round of $500 million. This marks a significant growth since its co-founding in 2019. As part of its new developments, Cohere has partnered with AMD to run its AI models on AMD's GPUs while still supporting Nvidia platforms. Despite its impressive valuation increase, Cohere faces stiff competition from firms like OpenAI, which has recently seen a massive valuation surge.
Source: YAHOO