Cohere, an AI firm, has raised $270 million in a fundraising round led by Nvidia

Cohere, an AI firm, has raised $270 million in a fundraising round led by Nvidia.

Nvidia (NVDA) shares soared more than 26% on Thursday, as the graphics chip firm capitalised on the generative Artificial intelligence boom.

[{"selector":"#anim-84c27aba-da65-40e4-becf-c74234f984b4","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9b318dcd-72cb-4891-b621-e11223f3bf5c","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Nvidia’s gaming business is still suffering from a COVID hangover.

[{"selector":"#anim-4cb4ac9d-0393-4ef5-86a2-98041ab69867","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f5611235-2f2a-44fc-8e60-4eb7d78559ec","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Customers continue to cut down on PC and graphics card purchases made during the epidemic.

[{"selector":"#anim-2b65f9d1-41da-439a-89c5-051025822eac","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b2ecd56c-a7de-4d21-9182-25f57b4596c7","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]