OpenAI rival Cohere received $270 million in financing to compete head-on with it.
CTOnews.com, June 12 (Xinhua)-- Cohere, a competitor of OpenAI, recently announced that it has received a new financing of US $270 million (CTOnews.com Note: about 1.925 billion yuan). Cohere claims that this financing, as part of its "C-Series" capital, "will accelerate the leadership of Cohere", provide enterprises with "the power of AI", and aim to compete head-on with OpenAI.
"AI will be at the core of driving business change over the next decade," said Gomez, chief executive and co-founder of Cohere, the website of ▲ Tuyuan Cohere. "at present, the outside world is gradually implementing generative AI to the commercial stage, many companies are looking for Cohere to help them seize new opportunities today, and the next phase of AI products and services will revolutionize the future of business, and we are ready to lead the trend," he said.
Gomez used to work as an AI researcher at Google. In 2017, Gomez and a group of colleagues co-authored a paper called "Attention Is All You Need". Later, Gomez changed jobs from Google and founded his own Cohere company.
It is reported that Cohere's current round of financing is led by Inovia, followed by Nvidia, Oracle, Salesforce Ventures and other companies. Cohere is currently valued at $2.2 billion (currently about 15.686 billion yuan).
▲ source Cohere company official website
According to CTOnews.com, Cohere was founded by Aidan Gomez, Ivan Zhang and Nick Frosst in 2019 and provides a generative AI model through cloud-hosted applications. Cohere's AI platform is designed for enterprises and provides a range of solutions for enterprises through the company's existing cloud environment.
