Cohere on Thursday announced that it had raised an oversubscribed $500 million round, bringing its valuation to $6.8 billion. This is up from the $5.5 billion valuation it landed a little over a year ago when it raised its previous round, also $500 million. Toronto-headquartered Cohere was one of the first breakout LLM model makers, founded in 2019 by co-founder Aidan Gomez, one of the authors of the “Attention is all You Need” paper that became the foundation of modern AI. But it has been a sleeper entrant in the AI model wars of late, dominated these days by OpenAI,…
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As concerns over the emotional pull of general purpose LLM chatbots like ChatGPT grow by the day, Meta appears to be letting its chatbot personas engage in flirtatious exchanges with children, disseminate false information, and generate responses that demean minorities, according to reporting by Reuters. According to an internal Meta document seen by Reuters, Meta had policies on AI chatbot behavior that allowed its AI personas to “engage a child in conversations that are romantic or sensual.” Meta confirmed to Reuters the authenticity of the document, which contained standards for the company’s generative AI assistant, Meta AI, and chatbots on…
One of Europe’s most prominent AI startups has released two AI models that are so tiny, they have named them after a chicken’s brain and a fly’s brain. Multiverse Computing claims these are the world’s smallest models that are still high performing and can handle chat, speech, and even reasoning in one case. These new tiny models are intended to be embedded into internet of things devices, as well as run locally on smartphones, tablets, and PCs. “We can compress the model so much that they can fit on devices,” Orús told TechCrunch. “You can run them on premises, directly…
Key Takeaways The US Treasury will not acquire new crypto assets for its strategic reserve. Existing government-held Bitcoin originated from confiscated assets and no further sales are planned. Share this article The US government will not purchase new Bitcoin for its planned strategic reserve, opting instead to rely on confiscated holdings for now, said Treasury Secretary Scott Bessent on ‘Mornings with Maria.’Bessent’s comments came in response to questions about US gold holdings. “I doubt we’re going to revalue it, but we are going to keep it there as a store of value for the American people,” said Bessent when asked…
Investors once saw Canadian AI startup Cohere as a promising contender to challenge OpenAI and Anthropic in the race to build frontier AI models, with its backers pouring roughly $1 billion on their bet on CEO Aidan Gomez, who co-authored a seminal paper on LLMs when he was a 20-year-old Google intern. But Cohere’s AI models have fallen behind the state-of-the-art, and its business hasn’t scaled like its competitors. Now, the company is bringing in a veteran research leader to revamp its AI efforts: Cohere has hired Joelle Pineau, Meta’s former VP of AI research who previously oversaw the tech…
After an incredible rally that placed Ethereum on the path to new and greatest possible history, Altcoin is now facing something that could hinder new passes. This results in the CME gap formed along the way, and historically, CME gaps tend to be filled before there is a bullish continuation. In this case, the CME gap is almost 15% below the current price, which could mean that ETH is crashing. CME Gap is waiting for $4,080 Crypto analysts point out that Ethereum prices could be facing heavy resistance after combining to levels not seen since 2021. There is also the…
Key Takeaways Bitpanda has launched in the UK, offering over 600 crypto assets including Bitcoin and Ethereum. Bitpanda has partnered with Arsenal FC as their Official Crypto Trading Partner to boost digital asset awareness. Share this article Vienna-based crypto asset platform Bitpanda has launched its services in the UK market, offering British investors access to more than 600 crypto assets, including Bitcoin, Ethereum, stablecoins, and other tokens, the companies announced on Thursday.The platform serves over 7 million users in Europe and is licensed in multiple jurisdictions outside the UK, offering institutional-grade infrastructure along with curated crypto indices, market analysis, and…
Key Takeaways Bitcoin reached a new all-time high of $124,000. Other crypto assets have also surged, with Ethereum trading above $4,700, just 3% below its November 2021 record. Share this article Bitcoin reached a fresh all-time high on Wednesday evening, surpassing $124,000 for the first time after topping the previous $123,000 record set last month.Bitcoin’s value rally has lifted it above Alphabet and Amazon, restoring its rank as the fifth-largest asset by market capitalization, according to CompaniesMarketCap.Data from TradingView shows that the world’s largest crypto asset currently hovers around $123,591, representing a 7% increase in the last seven days.The latest…
Key Takeaways Dunamu and MB Bank are joining forces to launch Vietnam’s first regulated crypto exchange. Vietnam’s new Digital Technology Industry Law legalizes digital assets and enables a formal market. Share this article Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, has joined forces with Military Commercial Joint Stock Bank (MB), Vietnam’s leading state-linked bank operating under the Ministry of National Defense, to establish the nation’s first local digital asset exchange.At the Vietnam-Korea Business Forum in Seoul this week, the two parties formalized a Memorandum of Understanding (MoU). As part of the agreement, Dunamu is set to…
Key Takeaways Justin Sun challenges Bloomberg over intent to publish sensitive financial information. The lawsuit centers on alleged violations of confidentiality agreements and concerns over personal security risks. Share this article TRON founder Justin Sun filed a lawsuit against Bloomberg in Delaware federal court, seeking to block the media company from publishing a detailed breakdown of his crypto holdings.The lawsuit, filed August 1, 2025, arose after Bloomberg sought to include Sun in its Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest individuals, according to software engineer and crypto researcher Molly White, who first shared the filing.Sun claims he…