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Cohere, an AI foundation model startup, has raised $270 million in a funding round from investors, including technology giants such as Nvidia, Oracle and Salesforce Ventures. Led by former top AI researchers at Google Brain, the Toronto-based startup competes with Microsoft-backed OpenAI and focuses on building AI models for enterprise customers. Cohere positions itself as a neutral provider for enterprises to use models that are not tied to cloud providers like Microsoft or Alphabet’s Google. The startup will use the capital for purchasing computing resources and hiring. Cohere makes AI tools that can power copywriting, search and summarisation.