Big Model Platform in Toronto, Canada Cohere Recently successfully secured $450 million from leading companies such as NVIDIA, Salesforce and CiscoFinancing. The funding round will value Cohere at $5 billion, an increase of $2.8 billion from the previous round. At the same time, the company's annual revenue increased by $22 million.
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Cohere was founded in 2019 by Aidan Gomez and Nick Frosst, both founders have worked as researchers at Google. One of them, Aidan Gomez, is alsoFamous Co-author of the Transformer paper.
Cohere's offerings include ChatGPT-like products that help organizations rapidly deploy conversational AI chatbots, generative search engines, text summary summaries, and other features. On a technical level, Cohere is one of the few AI companies that can compete with OpenAI.
Recently, Cohere also open-sourced Aya23, a next-generation macromodel with 8 and 35 billion parameters and support for 23 languages, including Arabic, Chinese, English, etc. Aya23 can be used to generate text, code, and summarized content, among other things.
Cohere's investors include Tiger Global Fund, AI godfather Geoffrey Hinton, Stanford professor Fei-Fei Li and deep learning expert Pieter Abbeel.
Cohere has made significant progress in the field of big models, and its funding and valuation are further evidence of the market's recognition of its technology and products. Cohere is expected to continue to play an important role in the AI space in the future.