AI

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

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Cohere on Thursday announced that it had raised an oversubscribed $500 million round, bringing its valuation to $6.8 billion. This is up from the $5.5 billion valuation it landed a little over a year ago when it raised its previous round, also $500 million. Toronto-headquartered Cohere was one of the first breakout LLM model makers, […]

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Buzzy AI startup Multiverse creates two of the smallest high-performing models ever

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One of Europe’s most prominent AI startups has released two AI models that are so tiny, they have named them after a chicken’s brain and a fly’s brain. Multiverse Computing claims these are the world’s smallest models that are still high performing and can handle chat, speech, and even reasoning in one case.  These new

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Cohere hires long-time Meta research head Joelle Pineau as its chief AI officer

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Investors once saw Canadian AI startup Cohere as a promising contender to challenge OpenAI and Anthropic in the race to build frontier AI models, with its backers pouring roughly $1 billion on their bet on CEO Aidan Gomez, who co-authored a seminal paper on LLMs when he was a 20-year-old Google intern. But Cohere’s AI

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Anthropic nabs Humanloop team as competition for enterprise AI talent heats up

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Anthropic has acquired the co-founders and most of the team behind Humanloop – a platform for prompt management, LLM evaluation, and observability – in a push to strengthen its enterprise strategy. The terms of the deal were not shared, but it appears to follow the acqui-hire playbook we’re increasingly seeing in the tech industry amid

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Sam Altman, OpenAI will reportedly back a startup that takes on Musk’s Neuralink

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Sam Altman is in the process of co-founding a new brain-to-computer interface startup called Merge Labs, and raising funds for it with the capital possibly coming largely from OpenAI’s ventures team, unnamed sources told the Financial Times.  The startup is expected to be valued at $850 million. A source familiar with the deal tells TechCrunch

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