AI promises 'transformational’ impact as Canadian startup secures funding: Cohere COO

After Canadian AI startup, Cohere, secured a new round of funding last week, one of the company’s top executives said the development of generative artificial intelligence will bring about fundamental changes.

“I think what we're seeing in generative AI, this is a once [in] every 15, perhaps 30-year transformation in how humans and computers interact,” Martin Kon, Cohere’s president and chief operating officer, said in an interview with BNN Bloomberg Monday. 

On June 8, Cohere announced it secured US$270 million in new capital from a number of large technology companies, including Nvidia Corp., Oracle Corp. and Salesforce Ventures. 

“We are standing right before, or starting down, a very similar massively transformational point in time. This is going to be similar to [the] steam engine’s impact on physical labour, in terms of the impact on intellectual labour and that's extremely exciting,” Kon said