Cohere has secured $500 million in funding at a $6.8 billion valuation, signaling significant investment in the open-source AI model space. Additionally, the Allen Institute for AI (AI2) received grants totaling $152 million from the National Science Foundation and NVIDIA. These financial injections highlight continued strong support for Western-based AI research and development initiatives. AI
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RANK_REASON Significant funding round for a major AI lab (Cohere) and substantial grants for another (AI2).