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Report: Cohere's Business Breakdown & Founding Story

research.contrary.com · 3,304 words · saved by 2 readers

A report from Contrary Research. Discover Cohere's founding story, product, business model, and an in-depth analysis of their business.

Thesis In 2021, over half of technical leaders in one survey said their natural language processing (NLP) spending grew by 10% or more from 2020, and about a third of them said their NLP spending grew by at least 30%. This has only accelerated: in a December 2022 survey, 77% of businesses with active NLP projects said they planned to increase spending over the next 12-18 month period, with 38% of these businesses planning to increase spend by 11% or more. This growth accelerated after the release of OpenAI 's product ChatGPT in late 2022 , which served as an inflection point for the market. Ho

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