AI Sector Analysis: August 15, 2025
Cohere Raises $500M, U.S. Government Launches AI Platform and Funds National Research Initiative
The artificial intelligence sector attracted major capital and saw key government initiatives advance on Thursday, as enterprise AI firm Cohere confirmed a $500 million funding round valuing it at $6.8 billion. The developments signal parallel efforts to commercialize existing AI technologies for business while building foundational, open infrastructure for long-term scientific and public sector use.
Key developments
-
Generative AI startup Cohere announced it raised $500 million at a $6.8 billion valuation in a round co-led by Inovia Capital and Radical Ventures, according to a company announcement.
-
The U.S. National Science Foundation and Nvidia announced a …
Archive Access
This article is older than 24 hours. Create a free account to access our 7-day archive.