OpenAI Rival Cohere Looking to IPO ‘Soon,’ CEO Gomez Says

Cohere Inc., an artificial intelligence (AI) startup, is considering an initial public offering (IPO) in the near future, according to the company's CEO, Aidan Gomez. Cohere, which is seen as a rival to OpenAI, is one of the first AI model makers looking to go public. Gomez stated that the company is preparing for the IPO, but did not provide a specific timeline. The decision to go public is likely driven by the growing interest and investment in the AI sector, as well as the need for additional funding to support the company's continued growth and development. The potential IPO would be a significant milestone for Cohere, as it would provide the company with access to public markets and additional resources to further expand its AI capabilities and compete with industry giants like OpenAI. The success of the IPO could also have broader implications for the AI industry, as it could pave the way for more AI-focused companies to pursue public offerings.