SAP SE announced the next step in its commitment to deliver Business AI that’s relevant, reliable and responsible, making strategic investments in three leading generative AI companies. The investments in Aleph Alpha GmbH, Anthropic PBC and Cohere reinforce SAP’s open ecosystem approach to AI, leveraging the best technology to embed AI across the SAP portfolio. They…
Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, said it has raised $270 million in a funding round from investors including Nvidia, Oracle and Salesforce Ventures, according to Reuters report. The announcement confirmed the long-rumored funding for the Toronto-based AI startup, which focuses on building AI models for enterprise customers. Cohere didn’t disclose its…