Cohere, founded in 2019 by former Google Brain team members, develops Large Language Models that can understand and generate human-like text. The company recently launched an AI assistant for enterprises that can answer questions using both company data and external sources, aiming to enhance productivity and improve customer experiences.
Key takeaways:
- Tiger Global is reportedly selling a 2.1 percent stake in AI startup Cohere for $63 million, valuing the company at $3 billion.
- This represents a 43 percent increase in valuation for Cohere in just three months, following a funding round in June that valued the company at $2.1 billion.
- Founded in 2019, Cohere develops Large Language Models that can understand and generate human-like text, competing with companies like OpenAI and Anthropic.
- Cohere recently launched an AI assistant for enterprises that can answer questions using both company data and external sources, aiming to enhance productivity and improve customer experiences.