On Wednesday, Enterprise AI model-maker Cohere said it raised an additional $100 million - bumping its valuation to $7 billion - in an extension to a round announced in August. The August round was an oversubscribed $500 million round at a $6.8 billion valuation, the company said at the time.
It's a very broad question. But, to start, I think it's important to point out that this is in some respects an entirely new form of business logic and a new form of computing. And so, the first question becomes, if agentic systems are reasoning models coupled with agents that perform tasks by leveraging reasoning models, as well as different tools that have been allocated to them to help them accomplish their tasks ... these models need to run on very high-performance machinery.