COHERE HITS A $6.8B VALUATION AS INVESTORS AMD, NVIDIA, AND SALESFORCE DOUBLE DOWN

Summary from the TLDR AI newsletter

Cohere raised $500 million at a $6.8 billion valuation, marking a $1.3 billion increase from its previous round just over a year ago. The Toronto-based company has carved out a distinct position targeting enterprise security rather than consumer applications, recently nabbing longtime Meta research head Joelle Pineau as chief AI officer.