recent,Cohere This well-known large language model platform based on AIGC has attracted everyone's attention. Bloomberg reported that Cohere successfully obtained a $550 million Series D roundFinancing, the company's valuation also reached US$5.5 billion.
The lead investor in this round of financing is Canadian pension investment management company PSP Investments, and other well-known institutions such as Cisco, Fujitsu of Japan, AMD Venture Capital and Canada Export Credit also participated in the investment.
Cohere was founded in 2019 and is located in Toronto, Canada. The founding team includes Aidan Gomez, Ivan Zhang and Nick Frosst. The three founders have worked at Google Brain and Cortex, which has laid a good foundation for Cohere's technical accumulation. Aidan Gomez is not only the co-founder of Cohere, but also the CEO. While obtaining a degree in computer science from the University of Toronto, he participated in the work of Geoffrey Hinton's team. Hinton is considered one of the founders of the field of deep learning.
Cohere's product is somewhat similar to ChatGPT, and it mainly focuses on providing services to enterprises. It provides a variety of functions such as large language model customization, neural search, semantic search, text creative writing, and long article summarization. Enterprises can deeply customize the model according to their needs to improve performance on specific tasks. In addition, Cohere's semantic search function can better understand user queries and help find the most relevant content, rather than just relying on keyword matching.
In terms of text generation, Cohere also demonstrates its prowess, automatically generating text for emails, product descriptions, or social media content in different scenarios. For long documents, Cohere's automated summarization service can quickly extract key information, helping decision makers obtain important information more efficiently. These features not only improve work efficiency, but also help companies save a lot of time and labor costs.
