Cohere hits $7B valuation a month after its last raise, partners with AMD

Cohere, an AI research company, has hit a $7 billion valuation just a month after its previous funding round. The company has raised an additional $100 million, which will be used to further its research and development efforts. Notably, Cohere has also announced a partnership with semiconductor giant AMD. The two companies will collaborate on developing advanced AI models and technologies, leveraging AMD's hardware and Cohere's expertise in AI research. The latest funding round was led by existing investors, including Khosla Ventures, Spark Capital, and Index Ventures. The partnership with AMD is expected to help Cohere accelerate the development and deployment of its AI solutions, particularly in areas such as natural language processing and computer vision. This latest development highlights Cohere's growing prominence in the AI industry and its ability to attract significant investment and strategic partnerships. The company's rapid growth and valuation increase demonstrate the strong demand for its innovative AI technologies.