OPM WIRE
Tech/VC

Cohere and the quest for a competitive advantage

An update on the Canadian government's favorite AI startup.
8 min read

Cohere shows all the signs of momentum: they are hiring people, opening offices and still investing in their LLM. I saw in a UK corporate filing that they might open an office in the Middle East. And of course, they raised $500m at a $6.8B valuation. That has got to count for something, even in this very hyper market for all things AI. It has been reported that they are on pace to reach $200m in annual revenue, but the pace of growth has fallen short of its investors' expectations. The federal government however has unconditional love for them.

OPM WIRE

A blog about Bay Street, money managers, funds, moguls, who's killing it, who's getting killed. No stock picks, no macro.

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