Cohere

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

AI /

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

AI /

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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Cohere’s new AI agent platform, North, promises to keep enterprise data secure

Enterprise /

AI agent tools promise to siphon out some of the drudgery from daily workflows, but most organizations are hesitant to adopt them yet, harboring a pressing concern: data security. Large enterprises with trade secrets, companies in highly regulated industries, and government agencies have thought more than twice about bringing in AI tools out of concern

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Behind your firewall: secure generative AI for regulated enterprises

AI /

Ever wonder how to use advanced generative AI in healthcare or finance without breaking a sweat over data privacy? This breakout panel from our TechCrunch Sessions: AI event is perfect for you. Cohere’s Solutions Architect Yann Stoneman and fellow Solutions Architect Betsy Groves steered an interactive conversation during which they demonstrated how to deploy secure,

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AI startup Cohere acquires Ottogrid, a platform for conducting market research

AI /

AI startup Cohere has acquired Ottogrid, a Vancouver-based platform that develops enterprise tools for automating certain kinds of high-level market research. Sully Omarr, one of the founders of Ottogrid, announced the deal Friday in a post on X. He didn’t disclose the terms. Ottogrid will sunset its product, according to Omarr, but give customers “ample

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Rivian elects Cohere’s CEO to its board in latest signal the EV maker is bullish on AI

AI /

Aidan Gomez, the co-founder and CEO of generative AI startup Cohere, has joined the board of EV maker Rivian, according to a regulatory filing. The appointment is the latest sign that Rivian sees promises in applying AI to its own venture while positioning itself as a software leader — and even provider — within the

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Cohere claims its new Aya Vision AI model is best-in-class

AI /

Cohere for AI, AI startup Cohere’s nonprofit research lab, this week released a multimodal “open” AI model, Aya Vision, the lab claimed is best-in-class. Aya Vision can perform tasks like writing image captions, answering questions about photos, translating text, and generating summaries in 23 major languages. Cohere, which is also making Aya Vision available for

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Publishers sue AI startup Cohere over alleged copyright infringement

AI /

A consortium of fourteen publishers including Condé Nast, The Atlantic, and Forbes have filed a lawsuit against Cohere alleging that the generative AI startup has engaged in “massive, systematic” copyright infringement. In the complaint, the publisher plaintiffs accuse Cohere of using at least 4,000 copyrighted works to train its AI models and display large portions

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AI companies upped their federal lobbying spend in 2024 amid regulatory uncertainty

AI /

Companies spent significantly more lobbying AI issues at the U.S. federal level last year compared to 2023 amid regulatory uncertainty. According to data compiled by OpenSecrets, 648 companies spent on AI lobbying in 2024 versus 458 in 2023, representing a 141% year-over-year increase. Companies like Microsoft supported legislation such as the CREATE AI Act, which

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