Cohere, an AI startup that develops natural language processing technology, has raised $2.2 billion in a Series C funding round led by Nvidia. The funding round values Cohere at $2.2 billion.
Cohere's technology is used to create conversational AI chatbots, generate text, and translate languages. The company's customers include Google, Facebook, and Microsoft.
The funding round will be used to accelerate Cohere's growth and development. The company plans to hire more engineers and researchers, and to expand its product offerings.
"We are excited to partner with Nvidia, a leading AI company," said Cohere CEO and Co-founder Aidan Gomez. "This funding will help us accelerate our mission to build the next generation of AI tools that will empower people to create and communicate more effectively."
"We believe that Cohere is at the forefront of a new wave of AI innovation," said Ian Buck, vice president of accelerated computing at Nvidia. "Their technology has the potential to transform the way we interact with computers, and we are excited to support their growth."
Cohere's funding round is the latest sign of the growing interest in AI technology. The global AI market is expected to reach $390 billion by 2025.
The funding round is also a sign of Nvidia's commitment to AI. The company has invested heavily in AI research and development, and has acquired several AI startups in recent years.
Cohere's success is a testament to the power of AI technology. The company has developed a technology that has the potential to revolutionize the way we interact with computers. With the funding from Nvidia, Cohere is well-positioned to continue its growth and development.