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AI agents are here. Here's how AI startup Cohere is deploying them for consultants and other businesses.

Jan 10, 2025 - businessinsider.com
Enterprise AI startup Cohere has introduced a new platform called North, designed to enable users to deploy AI agents that autonomously execute tasks across various business sectors. North combines large language models, multimodal search, and AI agents to enhance efficiency, allowing users to customize and deploy agents for tasks such as information retrieval, research, and report generation. The platform integrates with existing workplace tools and can securely handle sensitive data, making it suitable for industries like finance, healthcare, and critical infrastructure. Currently, North is being tested with a select group of companies as Cohere refines the platform.

Cohere, founded in 2019, has quickly established itself as a competitor to OpenAI, focusing on enterprise solutions rather than consumer applications. The company was valued at over $5.5 billion in its Series D funding round and reported an annualized revenue of $35 million as of March. Cohere aims to move beyond generic large language models to provide tailored, end-to-end solutions for businesses. Its partners include major firms like Oracle, Fujitsu, and McKinsey & Company. The company is committed to developing customized AI solutions that address specific business objectives, as outlined by co-founder Aidan Gomez in a LinkedIn post detailing their goals for 2025.

Key takeaways:

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  • Cohere has launched a new platform called North, which allows users to quickly deploy AI agents for various business tasks.
  • North aims to significantly reduce task completion time and integrates with existing workplace tools while ensuring data security.
  • Cohere focuses on creating customized AI solutions for businesses, distinguishing itself from competitors like OpenAI.
  • The company has partnerships with major firms such as Oracle, Fujitsu, and McKinsey & Company, and aims to provide optimized end-to-end solutions by 2025.
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