Latest news with #AidanGomez
Bloomberg
20-05-2025
- Business
- Bloomberg
Dell Tech World, Musk Commits to Staying at Tesla
Bloomberg's Ed Ludlow, live from Dell Technologies World, discusses developments in AI infrastructure. Plus, Elon Musk says he is committed to running Tesla for the next five years. And Cohere CEO Aidan Gomez says the competitor to OpenAI has doubled its revenue since the start of the year. (Source: Bloomberg)
Bloomberg
20-05-2025
- Business
- Bloomberg
Cohere CEO Says Revenue Has Doubled This Year
Cohere CEO Aidan Gomez explains why the security-focused AI developer is partnering with Dell to attract customers in regulated sectors. Gomez discusses the company's sales growth with Ed Ludlow on 'Bloomberg Technology.' (Source: Bloomberg)
Yahoo
20-05-2025
- Business
- Yahoo
AI Startup Cohere Has Doubled Sales So Far This Year, CEO Says
(Bloomberg) -- Cohere Inc. Chief Executive Officer Aidan Gomez said the artificial intelligence startup has 'more than doubled' its revenue since the start of this year and is approaching profitability, even as it faces heightened competition for business customers from OpenAI and Anthropic. America, 'Nation of Porches' NJ Transit Train Engineers Strike, Disrupting Travel to NYC Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? NJ Transit Makes Deal With Engineers, Ending Three-Day Strike 'We are seeing a total takeoff on the enterprise side of the business,' Gomez told Bloomberg Television in an interview Tuesday. 'We are seeing these enterprise deployments hit the hands of every employee in the organization.' Reuters previously reported Cohere was on pace for $100 million in annualized revenue, as of May. The growth in Cohere's enterprise business is also putting the startup on a path for profitability in the near term, Gomez said. 'We're very, very close to crossing that line and becoming profitable. We're not far away.' Gomez said the startup expects to 'continue to fundraise and grow' as it approaches an initial public offering, but he declined to provide an update on any ongoing funding discussions. Why Apple Still Hasn't Cracked AI Anthropic Is Trying to Win the AI Race Without Losing Its Soul Microsoft's CEO on How AI Will Remake Every Company, Including His Cartoon Network's Last Gasp Inside the First Stargate AI Data Center ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
AI Startup Cohere Has Doubled Sales So Far This Year, CEO Says
(Bloomberg) -- Cohere Inc. Chief Executive Officer Aidan Gomez said the artificial intelligence startup has 'more than doubled' its revenue since the start of this year and is approaching profitability, even as it faces heightened competition for business customers from OpenAI and Anthropic. America, 'Nation of Porches' NJ Transit Train Engineers Strike, Disrupting Travel to NYC Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? NJ Transit Makes Deal With Engineers, Ending Three-Day Strike 'We are seeing a total takeoff on the enterprise side of the business,' Gomez told Bloomberg Television in an interview Tuesday. 'We are seeing these enterprise deployments hit the hands of every employee in the organization.' Reuters previously reported Cohere was on pace for $100 million in annualized revenue, as of May. The growth in Cohere's enterprise business is also putting the startup on a path for profitability in the near term, Gomez said. 'We're very, very close to crossing that line and becoming profitable. We're not far away.' Gomez said the startup expects to 'continue to fundraise and grow' as it approaches an initial public offering, but he declined to provide an update on any ongoing funding discussions. Why Apple Still Hasn't Cracked AI Anthropic Is Trying to Win the AI Race Without Losing Its Soul Microsoft's CEO on How AI Will Remake Every Company, Including His Cartoon Network's Last Gasp Inside the First Stargate AI Data Center ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
20-05-2025
- Business
- Bloomberg
AI Startup Cohere Has Doubled Sales So Far This Year, CEO Says
Cohere Inc. Chief Executive Officer Aidan Gomez said the artificial intelligence startup has 'more than doubled' its revenue since the start of this year and is approaching profitability, even as it faces heightened competition for business customers from OpenAI and Anthropic. 'We are seeing a total takeoff on the enterprise side of the business,' Gomez told Bloomberg Television in an interview Tuesday. 'We are seeing these enterprise deployments hit the hands of every employee in the organization.'
