Nvidia invests in Google-linked generative AI startup Cohere

2023-06-08 16:52:29  • 4 mins

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."

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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.

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