Race for Dominance: Companies Develop Next-Gen Large Language Models

Companies are racing to develop the next generation of large language models (LLMs) as the battle for generative AI heats up. OpenAI's success with Chat GPT has attracted rivals seeking to challenge their dominance in the field. Canadian startup Cohere has raised $500 million in funding and partnered with Oracle, rapidly growing its revenue and valuation. Google, Meta, HP, Anthropic, and Mistral are also aggressively developing their own LLMs, while Microsoft independently works on foundational models. Open-source initiatives and a …

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