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Leidi.com Lotte July 29

Cohere, an artificial intelligence startup founded by former Google AI researchers and backed by Nvidia, has laid off about 20 employees.

Cohere was founded in 2019 by Aiden Gomez, Nick Frosst, and Ivan Zhang, and received investment from NVIDIA.

Recently, Cohere just received US$500 million in Series D financing, jointly invested by Cisco, AMD, Fujitsu, Canadian pension investment management company PSP Investments and Canadian export credit agency EDC, with a valuation of US$5.5 billion.

In June 2023, Cohere also raised $270 million at a valuation of $2.2 billion, with Salesforce and Oracle participating in the round.

Compared to OpenAI, which focuses on C-end users, Cohere only provides large model services for enterprises. Cohere tailors AI models for companies such as Oracle, LivePerson and Notion, which help enterprise users perform tasks such as summarizing documents and writing website copy.

“With our most recent round of funding in place, we have a clear vision for the future of Cohere, which requires some internal adjustments,” Cohere said. “We will continue to actively recruit talent and strive to provide enterprises with the most accurate, secure and private multilingual AI solutions on the market.”

Some of Cohere’s competitors in the AI ​​arms race offer products for both consumers and businesses. For example, OpenAI launched ChatGPT Enterprise last August, and Anthropic opened its previously enterprise-only Claude chatbot to consumers last July.

Cohere is moving to use more of Nvidia’s H100 GPUs, which power most of the latest large language models.

LeiDi was founded by media person Lei Jianping. Please indicate the source if reprinting.