A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration
(Reuters) - Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, is in talks to raise hundreds of millions of dollars in a funding round that could value the startup at more than $6 billion, sources told Reuters, in the latest sign of the investment frenzy around generative AI.
Toronto-based Cohere, established by former researchers at Alphabet in 2019, has quickly risen through the AI startup ranks given their intensive research background and close ties to Google, investors said.
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