Cohere CEO Aidan Gomez disputes reports of tepid revenue growth as another big funding round looms - Fortune

You may not be familiar with Cohere, but the Toronto-based startup is among OpenAI’s top competitors in the race to build the most capable large language models (LLMs). Cohere, along with Big Tech behemoths like Google and Meta, as well as other startups like Anthropic and Mistral, are all chasing OpenAI in the frenzied competition for AI dominance that began with the release of ChatGPT in November 2022. 

It’s a pursuit that requires deep pockets: The cost of training large LLMs is staggering and necessitates a constant stream of new funding. But in many ways, Cohere is running its own race. For one thing, it is targeting big business customers and has not developed a consumer chatbot. Cohere’s rivals include Big Tech companies with their own cloud computing arms; startups closely partnered with them; or those giving open-source models away for others to build upon. Cohere, meanwhile, has sought to maintain its financial independence from any single cloud ecosystem (though it does have a partnership with Oracle, the fourth largest cloud provider). 



Confira a matéria na íntegra em: https://fortune.com/2024/04/25/cohere-ceo-openai-rival-aidan-gomez-enterprise-ai-revenues-set-to-soar/

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Cohere CEO Aidan Gomez disputes reports of tepid revenue growth as another big funding round looms - Fortune