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Nick Frosst initially believed he was late to the AI revolution after Geoffrey Hinton's groundbreaking research in 2012. Reflecting on his college days, he felt he missed the opportunity to be part of the early AI advancements. However, he later co-founded Cohere in 2020, focusing on creating custom AI models for enterprise clients.
Cohere has since raised over $934 million in venture capital and is valued at $5.5 billion. Frosst emphasized the importance of focusing on enterprise applications rather than consumer products, which sets Cohere apart from competitors. He also addressed the need for the AI industry to confront regulatory and sustainability challenges realistically.
• Cohere focuses on custom AI models for enterprise clients.
• Frosst emphasizes the importance of addressing AI regulation and sustainability.
Frosst referenced Hinton's research on neural networks as a pivotal moment in AI development.
Frosst expressed skepticism about achieving AGI in the near future.
Cohere's mission revolves around making language models useful specifically for enterprise applications.
Cohere has raised significant venture capital and focuses on language models tailored for enterprise needs.
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