Tag: AI startup
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The Top Valued Startup Categories in Today’s Early-Stage Venture Market
Learn which startup categories are getting the highest early-stage valuations. Fintech and biotech startups top the list, but success relies on strong execution.
Oracle Teams Up with Coherence to Compete with Microsoft and OpenAI Alliance
Oracle invests in AI startup, Cohere, to compete with major cloud rivals. Plans to sell access to Cohere's large-language models and enhance HR and supply chain management apps with AI features. Will Cohere help Oracle catch up to Microsoft and Google in AI?
Nvidia and Oracle invest in Cohere, an OpenAI competitor
Cohere, an AI startup founded by former Google Brain researchers, has raised $270 million in funding from tech giants such as Oracle, Nvidia, and Salesforce Ventures. The Toronto-based company offers generative AI services to enterprises worldwide, helping them with copywriting, search, and summarization tasks. Cohere is an independent supplier, making it a preferable choice for clients not tethered to proprietary cloud providers. The funding will be utilized to scale computing resources and hire staff. Anthropic, another AI startup, has also received backing from Google and Salesforce Ventures.
AI startup Cohere raises $270M, valued at over $2.1B
Cohere, an AI startup, raises $270m in funding for its Series C to create a cloud-agnostic platform that offers real-time AI services. Its language models are available in a variety of dialects, and its AI platform is deployable on customers' existing clouds, on-premise, or in public and virtual private clouds, catering to businesses who are concerned about data privacy and security. Cohere is now valued at roughly $2.1bn to $2.2bn and plans to continue growing, investing, innovating, and collaborating with leading enterprises.
Startup Optimizes Hardware to Combat GPU Shortage for Generative AI
CentML, a Toronto-based AI startup, has launched its platform to optimize machine learning models, making AI development more efficient. By enabling access to more efficient use of AI chips without affecting accuracy, CentML could potentially improve the broken marketplace for GPUs and reduce compute costs. With a powerful open-source compiler to automatically tune optimizations, CentML looks to capture market share from established competitors, unlocking more efficient compute for AI development. Help address worldwide GPU shortage now.