Nvidia, which recently hit a $1 trillion valuation in the AI boom, joins investors in a round of venture for Cohere, a generative AI startup with Google roots.
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. OpenAI was built on an open-source platform which requires large amounts of data to train its model.
Cohere says current customers include global streaming platforms, apparel companies, and companies that use the platform to streamline customer service or improve content moderation capabilities. and they have recently collaborated with conversational commerce and AI software company LivePerson to offer customized large language models for businesses.
"We're pre the real deployment, so I think simmering underneath the water is all this work going on to just transform every product, every single company," Gomez told CNBC in May. The new round of funding for Cohere was led by Inovia Capital, and also included DTCP, Mirae Asset, Schroders Capital, former Disruptor 50 company
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