Toronto-based Cohere Artificial Intelligence, a formidable contender in the realm of foundation models, is poised to secure a substantial investment of $500 million, aiming for a valuation of approximately $5 billion. Sources close to the negotiations disclosed this information, highlighting the company’s rapid growth trajectory and ambitious plans for expansion. Company Cohere AI Startup Headquarters … Continue reading AI startup Cohere targets $5 billion valuation in latest funding round, source reveals.