if you base it on the $13M ARR figure from late last year, then at their previous $2.1-2.2B valuation, yes. (idk what ARR was when they closed the 2023 funding round that gave them that $2.1-2.2B valuation, tho.)
MARKET TRENDS
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Cohere raises $500M, valued at $5.5B to compete with OpenAI
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#IAGEN : @cohere prêt à en découdre avec @OpenAI C'est la surprise de l'été ! La licorne canadienne, créée par @aidangomez
, ex #Google Brain, vient de lever 500 millions de dollars, portant sa valorisation à 5,5 milliards de dollars.
Au tour de table, que des grands noms de -
Enterprise GenAI Adoption and Maturity Survey Results
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We surveyed 2,000 IT and data leaders in enterprises and 3,000 members of the general public to find out where businesses are in their adoption and maturity around generative AI. Download the report for a full breakdown of the results. https://
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Seed VCs Investment Criteria: $500K ARR Threshold
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what gets seed VCs excited? half said they’d want to see $500k+ ARR
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Open Source to Dominate: Smaller Models Over Large Language Models
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This also means that Open Source is going to dominate in the future – training and serving smaller models is more accessible to many. The large models are going to useful for generating and filtering data, while the smaller models (e.g., 4o-mini) are the ones we want deployed.
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Nvidia Develops B20 AI Chip for Chinese Market Compliance
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@nvidia is developing a new AI chip, "B20," for the Chinese market! This move aims to comply with US export regulations while maintaining a solid presence in China’s AI sector. Will this help Nvidia stay ahead of local competitors like @Huawei
? #AI #Nvidia #Innovation #Tech -
GPT-4o Mini Launches: Processing Over 200B Tokens Daily
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GPT-4o mini launched 4 days ago. already processing more than 200B tokens per day! very happy to hear how much people are liking the new model.
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Cohere Reaches $5.5 Billion Valuation in Major Funding Round
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My latest with @LookAimee
: An exclusive on @cohere
’s massive new funding round. It is now worth $5.5 billion — making it an AI juggernaut and one of the most valuable startups in Canada. -
AI Winter Winds: Market Shifts and Investor Perspectives
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The Winds of AI Winter The vibes have shifted. On @leopoldasch vs Sequoia, Goldman Sachs, @benedictevans
, @cpaik
's End of Software and why the AI Engineer rises above it all. The future is here, but it is not evenly distributed. -
Employee Satisfaction: Strategic Imperative for Future of Work
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Unlocking the #FutureofWork: The Power of Employee Satisfaction Are your employees genuinely satisfied, or are they just clocking in? As the future of work evolves, employee satisfaction is not just a perk—it's a strategic imperative. According to a recent Fortune article,