Cohere hits a $6.8B valuation as investors AMD, Nvidia, and Salesforce double down

Cohere, a Canadian artificial intelligence startup, has reached a valuation of $6.8 billion after securing investments from major tech giants such as AMD, Nvidia, and Salesforce. The company's focus has been on developing secure large language models (LLMs) tailored for enterprise use, rather than consumer applications. Cohere's technology aims to provide businesses with advanced language processing capabilities while addressing concerns around data privacy and security. The recent funding round, led by existing investors, underscores the growing demand for enterprise-focused AI solutions that can handle sensitive information and comply with industry regulations. The investment from AMD, Nvidia, and Salesforce further strengthens Cohere's position in the market and its ability to continue innovating and expanding its product offerings. The funds will be used to accelerate Cohere's research and development, as well as to expand its global reach and customer base within the enterprise sector.