Fred Lum/the Globe and Mail
Cohere Inc., co-founded by protégés of AI luminaries Geoffrey Hinton and Jeff Dean, said the funding was led by Index Ventures, a venture firm with headquarters in London and San Francisco that has also backed Slack Technologies Inc., Sonos Inc., Robinhood Markets Inc., and Etsy Inc. Other investors include venture capital firms Section 32 and Radical Ventures and renowned AI experts including Mr. Hinton, Fei-Fei Li, Pieter Abbeel and Raquel Urtasun.
Cohere builds on a pioneering 2017 paper co-written by chief executive officer Aidan Gomez , when he worked for Google. The paper invented a concept known as “transformers,” which improved the efficacy of NLP technology that use AI algorithms to generate language. Mr. Gomez and Cohere co-founder Nick Frosst, another ex-Google researcher who previously worked with Mr. Hinton, wanted to translate gains in NLP from the research sphere to practical applications and set out on their own to do that.
Index Ventures co-founder Mike Volpi said in an interview he was impressed Cohere’s leaders “had a real focus on building a usable product that developers could just take and run with” for specific uses, such as helping writers draft articles, powering chatbots and helping with content moderation on websites.
Nice one RaquelUrtasun pabbeel !
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