AI startup Cohere in talks to raise funding at $6 billion plus valuation -sources

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.