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- Gomez says Cohere’s AI models will be an attractive business in the long term, but products could be a meaningful way to generate revenue until then. In other words, today’s AI models lose money — lots of it. While Microsoft and Google can subsidize or simply weather that loss, that’s not usually the case for startups.
techcrunch.com/2024/08/19/what-margins-ais-business-model-is-changing-fast-says-cohere-founder/What margins? AI’s business model is changing fast, says ...
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Jun 10, 2024 · Compute power is expensive, but Cohere CEO Aidan Gomez says a focus on enterprise and quality can make AI make money.
- Nilay Patel
Aug 19, 2024 · In other words, today’s AI models lose money — lots of it. While Microsoft and Google can subsidize or simply weather that loss, that’s not usually the case for startups. Cohere is one of...
Aug 19, 2024 · In other words, today’s AI models lose money — lots of it. While Microsoft and Google can subsidize or simply weather that loss, that’s not usually the case for startups. Cohere is one of the last remaining startups developing frontier AI models, alongside OpenAI, Anthropic and Mistral.
Jul 22, 2024 · Instead, Toronto-based Cohere makes large language models — software trained on massive swaths of the internet to analyze and generate text — and customizes them for businesses.
Jul 23, 2024 · The day after media headlines touted generative AI model startup Cohere’s fresh $500 million in new funding at a $5.5 billion valuation, the company is laying off about 20 employees.
Apr 25, 2024 · Meet Cohere, Canada’s AI ‘underdog’ that could soon be worth $5 billion by doing the opposite of OpenAI’s every move. BY Sharon Goldman. April 25, 2024, 5:43 AM PDT. Cohere CEO Aidan Gomez...
Mar 25, 2024 · For Cohere, a huge focus is scalability and production readiness for enterprises. Some of the other models that we compete against are huge and super inefficient. You can’t actually put that into production, because as soon as you’re faced with real users, costs blow up and the economics break.
