OpenAI Rival Cohere Taps JPMorgan, Goldman for Financing
- Oracle, Nvidia are among the investors backing Cohere
- AI21 Labs secures funding as AI firms draw investment
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Artificial intelligence startup Cohere, backed by investors including Oracle Corp. and Nvidia Corp., is working with banks to raise a fresh round of financing, just a few months after its last one, according to people familiar with the matter.
Toronto-based Cohere is being advised by JPMorgan Chase & Co. and Goldman Sachs Group Inc. on the potential round, the people said, asking not to be identified because the matter is private.