Sources: Cohere, which has raised $445M and was seeking new funding at a $6B valuation last year, generated just ~$13M in annualized revenue at the end of 2023 (The Information)

The Information:
Sources: Cohere, which has raised $445M and was seeking new funding at a $6B valuation last year, generated just ~$13M in annualized revenue at the end of 2023  —  The conversational artificial intelligence boom sparked by ChatGPT boosted funding and valuations for startups in the field, but few of them are making much money.