A $2 Billion Toronto-Based Company Named Cohere Joins the AI Race. How Does Cohere's AI Compare to Microsoft and IBM’s AI Efforts in 2023?

With backing from software giant Nvidia, along with many venture capital firms, Cohere is looking to be one of the biggest rivals to ChatGPT. For one, the company and Cohere’s AI are headed by two former Google employees who specialized in artificial intelligence at the search engine company.

According to a report by the New York Times, one of those employees, while at Google, published a collaborative research paper that ended up being one of the key steps toward developing Large Language Models (LLMs) such as ChatGPT.

Why Cohere Is Attracting So Much Attention From Investors

The new company is named Cohere, and the Times also reports in that same article that the company has recently been valued at $2 billion.

One of the biggest draws here is the aforementioned connection to Google, which itself has been racing to beat ChatGPT with a chatbot of its own named Bard.

It is not hard to imagine, then, why investors would be attracted to funding a company that is run by two people with key knowledge of the AI efforts of one of the largest tech companies in the world.

Additionally, the expertise on large language models is also attractive, especially if one of the minds behind Cohere happens to be one of the minds whose research made ChatGPT possible.

What Will Cohere’s AI Do?

Cohere will be creating a host of AI products, chatbots just being one of them.

Generative AI is of course the most publicly well-known variety of AI that Cohere will be offering.

However, Cohere plans to provide AI solutions that assist businesses in maximizing their search engine optimization (SEO).

Why Should Business Owners Know About Cohere’s AI?

The big draw of such a company for a business is that it will help make the implementation of AI easy for business owners so that a digital transformation will not require a graduate degree in computer science to successfully run.

For the most part, Cohere’s AI products will cater to businesses rather than individuals or the general public.

The simple reason for this is that it is simply more profitable to do so.

However, there is a big issue with Cohere, and it is the same issue with OpenAI/ChatGPT—these are two relatively young companies that still need to iron out the many possible errors in their products.

The Problem With Cohere and ChatGPT

Since Cohere is still a developing company, naturally there will be much troubleshooting to do with its AI products over the next few years.

It is the same with ChatGPT, which is really only free to the public because OpenAI, its developer, and Microsoft, which has more or less paid its way into being an unofficial owner of ChatGPT, want to troubleshoot it. This is why ChatGPT is known to make so many errors, grammatical or factual.

We recommend IBM’s AI products, which are specifically designed for businesses. Read on to find out about IBM’s AI that your business can use today!

Want to Use AI for Your Business? Let’s GO.

With ChatGPT, artificial intelligence finally had its “iPhone moment”.

Like smartphones, which were once a niche technology, AI is slowly becoming universally recognized as one of the most important and life-changing technologies of our era.

There are many business owners out there wondering how they can take advantage of AI. What they may not know is that plenty of businesses, including their competitors, are already using AI.

Right now, the technology is available to business owners. They just need to know where to look.

Guardian Owl Digital has a proven track record of working with businesses through its AI and machine learning initiative, GO AI.

GO AI, through a partnership with Findability Sciences, offers clients the services of AI platforms like IBM Watson that offer you automated marketing solutions.

This includes TouchUp, which will tell you how your customers will receive your creative marketing materials.

Predict+ offers up to 99% accurate predictions for important data such as customer churn rates or the prices of materials you order for your operations.

Persona modeling offers you key cognitive insights into your customer base, enabling you to improve your marketing and customer outreach efforts based on what your customers care about.

And that is just a few of the AI and machine learning solutions that we offer.

From finance to manufacturing to healthcare and beyond, any and every industry, and businesses of all sizes, can benefit from our affordable AI solutions.

So, what are you waiting for? GO AI today to grow your business.