Cohere looks to shed its underdog status with a star AI hire, new CFO and $7 billion valuation — chasing ‘ROI over AGI’

Cohere, a Toronto-based startup focused on large language models for businesses, aims to elevate its status in the AI industry with a new high-profile hire and a recently appointed CFO.

The company's current valuation stands at $7 billion, signaling its ambition to shift from an underdog to a major player in the market.

The company emphasizes a strategy of prioritizing "ROI over AGI," reflecting its goal to deliver tangible returns on investment for clients.

Source: biztoc.com