AI Startup Cohere Plans to Raise $500 Mn to $1 Bn of Capital – Business World

Cohere, a Canadian tech startup focused on artificial intelligence (AI) for large language models (LLM) is planning to raise capital in the ballpark of USD 500 million to USD 1 billion, according to a Reuters report on Saturday. This fundraising initiative is said to be sparked by OpenAI s triumph in 2023, the buzz it created the whole year and the significant portion of venture capital garnered in the United States as an artificial intelligence startup.