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AI Unicorns: Cohere is Looking to Double its Valuation

According to a report published last year, the generative AI market is expected to grow at 42% CAGR to reach $1.3 trillion in 2032 from $40 billion in 2022. The growth in the industry is expected to be driven by training infrastructure for large language models (LLMs) along with specialized software and services for the industry. The boom in the industry has seen several smaller players making significant investments in the technology. One such player is Cohere. Cohere's Offerings Toronto, Canada-based Cohere was founded in 2019 by Aidan Gomez, Ivan Zhang, and Nick Frosst. Prior to setting up Cohere, Aidan was one of the first few hires at Google's Toronto AI lab and had co-authored the paper "Attention Is All You Need", which is known as one of the founding principles behind artificial intelligence. The paper had introduced the concept of Transformer architecture, which has become the key pillar for LLMs. Unlike other generative AI companies, Cohere prides itself i ....

Nick Frosst , Ivan Zhang , Aidan Gomez , Canada Based Cohere , Retrieval Augmented Generation , Oracle Fusion Cloud Applications , Oracle Netsuite , Index Ventures , Tiger Global , Salesforce Ventures , Mirae Asset , Lakshmiraman Oza , Technology Stocks ,

Cohere's Aidan Gomez talks scaling AI for enterprise, Vinod Khosla explores risk-taking at CIX Summit 2024

Toronto's Design Exchange was abuzz last week with the launch of CIX Summit 2024. ....

Alison Nankivell , Vinod Khosla , Laura Lenz , Seamus Blackmore , Aidan Gomez , Kory Jeffrey , Yoshua Bengio , Neha Khera , Toronto Design Exchange , Design Exchange , Inovia Capital , Khosla Ventures , Deep Genomics , Impossible Foods , Cix Summit , Jaiden Gomez , Allison Nankvill , Omers Ventures , Mars Discovery District , Open Ai ,

Pension fund manager PSP in talks to co-lead investment in AI company Cohere: report

Potential funding from investment board would value Cohere at more than 200 times revenue ....

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A|I: The AI Times – Cohere seeks big-time valuation despite small-time revenue

Plus: Canada’s underinvestment in computing threatens its AI advantage. ....

British Columbia , United Arab Emirates , China General , United States , Guy Kawasaki , Mustafa Suleyman , Michael Katchen , Amanda Truscott , Yoshua Bengio , Jensen Huang , Daniel Eberhard , Assembly On , Exchange Commission , United Nations , Vancouver Convention Centre , Rithmik Solutions , Silicon Valley Bank , Asset Health Analyzer , United States Securities , Toronto Based Fintech , Accelerated Decarbonization , Autonomous Drinking Water , Digital Futures Project , Satya Nadella Led , Toronto Based Borderless , Aleph Alpha ,

ChatGPT And Generative AI Innovations Are Creating Sustainability Havoc

This article discusses the risks of ChatGPT and Generative AI innovations are having on sustainability goals and highlights the energy and water consumption risks. ....

United States , Board Directors , Scarcest Natural Resource , Artificial Intelligence ,