Kon, from the company Cohere, says that businesses need many F-150 pickup trucks and his company can provide them. Cohere, which started by ex-Google AI scientists, uses AI to help businesses. The company has raised a lot of money and is popular in the business world. They might raise even more money soon.
Cohere works only with businesses. This makes them different from their competitors who work with both individuals and businesses. Kon believes that focusing only on businesses helps them save costs and work better.
The company has some big clients in the banking, finance, and insurance sectors. Kon admits they face challenges but they are managing to deal with them. They are planning to use more of Nvidia’s H100 GPUs, a powerful device for their work.
Cohere is not influenced by any of their investors. They ensure their funding doesn’t have any conditions. By focusing on business-only AI, they stay away from issues related to fake information.
Kon says their main work involves ‘search and retrieval’. They train the AI to look for specific information as needed by the client. He thinks it’s a key area for businesses.
He believes 2023 to be the year where they proved their ideas. By 2024, he hopes to use AI at a large scale in businesses.
Vocabulary List:
- Cohere (noun): The company name mentioned in the text.
- AI (noun): Artificial Intelligence the simulation of human intelligence processes by machinesespecially computer systems.
- F-150 (noun): A model of pickup truck mentioned in the text.
- Competitors (noun): Other businesses or individuals in the same industry or field competing against Cohere.
- Sectors (noun): Specific areas or divisions of business mentionedsuch as bankingfinanceand insurance sectors.
- Challenges (noun): Difficulties or obstacles faced by Cohere in their business operations.
