tech:

taffy

Cohere raises $270M

Cohere has raised a $270 million Series C funding round. Inovia Capital led the round.

Nvidia, Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders Capital, SentinelOne and  Thomvest Ventures also participated in Cohere’s Series C round, along with existing investor Index Ventures.

Cohere offers an AI platform for businesses, training massive language models and putting them behind an API, which can be accessed by an enterprise conversational AI agent, among other things. Organizations can use Cohere’s embedding model to build their own text analysis applications as well.

Cohere was founded by Nick Frosst, Ivan Zhang and Aidan Gomez, a co-author of Attention is all you need,a seminal paper that introduced the transformer model.

Cohere has offices in Toronto (Cananda), Palo Alto and San Francisco, and London (UK).

[Image courtesy: Cohere]

Just in

Trump announces $20 billion foreign investment to build new U.S. data centers — CNBC

Emirati billionaire Hussain Sajwani, a Trump associate and founder...

Meta ending fact-checking program: Zuckerberg — The Hill

Social media giant Meta announced a series of changes...

How Elon Musk’s X became the global right’s supercharged front page — The Guardian

Every week, the platform seems to supercharge a news issue that comes to dominate conservative discourse – and often mainstream discourse, as well – with real political repercussions; writes J Oliver Conroy.

Court strikes down US net neutrality rules — BBC

A US court has rejected the Biden administration's bid to restore "net neutrality" rules, finding that the federal government does not have the authority to regulate internet providers like utilities; writes Natalie Sherman.