This term we are excited to be partnering with Cohere, a Toronto-based company focused on artificial intelligence for the enterprise, specializing in large language models (LLMs). The theme for this term will be to build a startup applying LLM technologies to real-world challenges and systems.
Advancements in LLMs over recent years have captured public interest and the attention of the technology sector. This has only further accelerated core research and applied improvements in LLM performance, accuracy, and costs for successful integration into a wide range of industries such as retail, e-commerce, healthcare, IT, media and entertainment. According to market research analyses, the global LLM market is projected to grow to $61.7 billion by 2032, driven by the increasing need for improved communication between humans and machines and the growing demand for automated content creation.
Cohere is a research-driven generative AI company, with a strong research presence at the core of its founding and culture. In 2022, Cohere announced Cohere for AI, a non-profit research lab that provides both dedicated research staffing and support for open science initiatives, with a focus on fundamental research and responsible AI. Cohere develops enterprise-ready AI solutions that power modern workplace productivity through intelligent search, generation, and retrieval capabilities. Their platform is trusted by industry leaders and developers worldwide, including Oracle, Dell Technologies, RBC, LG CNS, Fujitsu, Bell, SAP, Salesforce, Notion, TD Bank, and many others.
Cohere's models can be used across 23 languages, including English, Spanish, Chinese, Arabic, Japanese, and many more, enabling global deployment and diverse use cases. Beyond language models, Cohere's platform offers state-of-the-art Embed and Rerank APIs, which provide semantic understanding and relevance optimization for high-precision search applications grounded on external data sources.