Here’s Another Little-Known Firm Jensen Huang’s Nvidia Is Quietly Backing

A photo of Nvidia CEO Jensen Huang holding up a wafer by FotoField via Shutterstock Nvidia (NVDA) has invested in another AI name most investors have never heard of. This time it's Cohere, a Toronto-based company in talks to raise up to $3 billion. According to a Bloomberg report, the round would value the company at $20 billion. That is nearly triple the $7 billion valuation it carried just a year ago. If it closes, it would be the largest funding round ever for a private Canadian startup. What I find interesting is where the funding is coming from. The Canadian government is putting in money directly, and Germany is in talks to join too. ​Cohere isn't chasing consumers the way most AI names do.