'Nvidia Invests In Google-linked Generative A.I. Startup Cohere' - CNBC
Portfolio Pulse from Happy Mohamed
Generative AI startup Cohere has raised $270 million in a Series C round, with investors including Nvidia, Oracle, and Salesforce. Cohere, founded by former Google Brain members, focuses on enterprise licensing and aims to address proprietary data concerns associated with Microsoft-backed OpenAI's model.
June 08, 2023 | 6:38 pm
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Salesforce invests in Cohere's $270 million Series C round, potentially benefiting from the startup's enterprise-focused generative AI services and addressing proprietary data concerns.
Salesforce's investment in Cohere could potentially benefit the company by gaining access to Cohere's enterprise-focused generative AI services and addressing proprietary data concerns. This may help Salesforce enhance its product offerings and attract more clients, which could positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Nvidia invests in Cohere's $270 million Series C round, further expanding its presence in the AI ecosystem and potentially benefiting from Cohere's enterprise-focused generative AI services.
Nvidia's investment in Cohere demonstrates its commitment to expanding its presence in the AI ecosystem. As Cohere focuses on addressing enterprise data concerns, Nvidia could potentially benefit from the startup's services, which may lead to increased demand for Nvidia's AI chips and solutions. This could positively impact Nvidia's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oracle joins Nvidia and Salesforce in investing in Cohere's $270 million Series C round, potentially benefiting from the startup's enterprise-focused generative AI services.
Oracle's investment in Cohere could potentially benefit the company by gaining access to Cohere's enterprise-focused generative AI services. This may help Oracle enhance its product offerings and attract more clients, which could positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60