Cohere Raising Up To $250M Valuing OpenAI Rival At $2B; Investors Include Nvidia, Oracle
Portfolio Pulse from Charles Gross
Cohere Technologies is raising up to $250 million in a funding round that values the OpenAI rival at $2 billion. Investors in the round include Nvidia and Oracle.
June 09, 2023 | 11:55 am
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Nvidia is investing in Cohere Technologies, an OpenAI rival, in a funding round that values the company at $2 billion.
Nvidia's investment in Cohere Technologies demonstrates its commitment to AI and could potentially lead to future collaborations or partnerships. This investment may have a positive impact on Nvidia's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Oracle is investing in Cohere Technologies, an OpenAI rival, in a funding round that values the company at $2 billion.
Oracle's investment in Cohere Technologies shows its interest in AI and could lead to future collaborations or partnerships. This investment may have a positive impact on Oracle's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50