AI21 has announced the completion of its Series C funding, raising $53 million, with a total valuation of $1.4 billion and a total funding amount of $208 million. Amid internal turmoil at OpenAI, AI21 has chosen to announce its funding to compete for market share in generative AI. AI21 emphasizes close collaboration with enterprises, focusing on customization, robustness, and security, offering tailored solutions that differ from OpenAI. AI21 has performed well in the competition, welcoming investments from Intel Capital and Comcast Ventures.

AI21 Labs has completed a $155 million Series C funding round, reaching a valuation of $1.4 billion. AI21's proprietary Jurassic-2 model is considered one of the largest LLMs in the world. Recently, AI21 has collaborated with clients across various industries and has been selected for the inaugural CB Insights GenAI50 list.

Cohere has launched a chatbot named Coral, designed to help employees find information and answer questions more quickly. Coral is trained on Cohere's large language model Command and fine-tuned on the company's provided database to suit its needs. Coral can perform research and analysis tasks, understands queries, and provides explanations in informal language.