""You have to pay them a lot because there's not a lot of these people for the world," Gomez said. "And so there's tons of demand for these people, but there's not enough of those people to do the work the world needs. And it turns out that these models are best at the types of things those people do.""
""We're still doing the super foundational," Gomez said."
""Finance will come," Gomez told Kleiner Perkins partner Joubin Mirzadegan on a recent episode of the firm's "Grit" podcast."
Cohere is a Toronto-based AI startup focused on enterprise applications, building partnerships with RBC and TD Bank that rely on large language models. The company was valued at roughly $7 billion after its latest funding round. Large language models are proving effective at augmenting white-collar work and addressing shortages in skilled professionals. Software engineering already experiences disruption through tools that enable non-specialists to produce code. Finance, legal, and publishing face early-stage adoption of AI capabilities. Enterprise deployment of AI remains foundational, and improvements in model performance are expected to drive far greater disruption across industries.
Read at Business Insider
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