Investors once saw Canadian AI startup Cohere as a promising contender to challenge OpenAI and Anthropic in the race to build frontier AI models, with its backers pouring roughly $1 billion on their bet on CEO Aidan Gomez, who co-authored a seminal paper on LLMs when he was a 20-year-old Google intern. But Cohere’s AI models have fallen behind the state-of-the-art, and its business hasn’t scaled like its competitors. Now, the company is bringing in a veteran research leader to revamp its AI effo...