Cohere Co-Founder Promotes Efficiency Over AGI

Cohere co-founder Nick Frosst told attendees at the Vector Institute conference in Toronto on Thursday that the company emphasizes efficiency and smaller, specialized LLMs rather than chasing AGI. He cited Cohere’s focus on customer ROI amid reports of about $240 million USD in annual recurring revenue and a $7 billion USD valuation in August. Frosst also highlighted Cohere’s role as a Canadian AI champion and potential IPO candidate.