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There is a right and a wrong side of the AI bubble, and Cohere is on “the right side” of it, CEO Aidan Gomez told reporters at a press event Friday. The bold statement contrasts Google CEO Sundar Pichai’s recent warning that “no company is going to be immune, including us,” if there is a burst. Cohere, which makes AI software for businesses, isn’t the flashiest AI company — it hasn’t achieved record-breaking funding rounds, announced massive data-center infrastructure projects, or participated in the circular funding propping up the AI heavyweights. And that’s its advantage, Gomez said: “Cohere hasn’t participated in a lot of the things stoking those fears.”
“What are the assumptions you’re making to drive your targets on that [infrastructure] buildout, and how far out are you building for?” he said. “Where you stand on that determines if you’re on the right or wrong side of a potential correction.”
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Anthropic CEO Dario Amodei took a similar stance this week, saying, “It’s genuine uncertainty and a genuine dilemma, which we as a company try to manage as responsibly as we can.” Anthropic’s $350 billion valuation towers over Cohere’s $7 billion, but its commitments are still significantly smaller than OpenAI’s. While Gomez argues Cohere could be one of the few companies to survive the worst-case scenario, taking smaller swings also means it could see less upside if there is no market correction.