Keeping up with the AI transformation, Cohere has launched an enterprise AI assistant called Coral (beta version). Coral is a conversational bot that draws insights from enterprise data while providing citations from relevant sources. Coral is powered by Cohere’s Command model, a generative ai model that responds to instructions.
Cohere, focused on bringing generative AI to the enterprise, has recently raised a new funding round amounting to $270 million, resulting in a company valuation of over $2 billion. The investment includes contributions from prominent names like Nvidia, Oracle, and Salesforce Ventures.
Why Coral AI Assistant for Teams?
As per a McKinsey study, employees can spend up to 20% of their time searching for information, resulting in their inability to reach maximum speed and performance efficiency. Coral solves this problem by enabling enterprises a customization feature for teams like finance, support, and sales. Coral offers seamless integration into the ecosystem across CRMs, collaboration tools, databases, and more.
How is Coral different?
Coral and ChatGPT-like assistants are conversational bots; however, the former is more task-oriented and enterprise-centric. The ability to mitigate hallucinations and provide verifiable insights sets Coral apart from its competitors. Hallucinations refer to a large language model making up false information that isn’t based on real data. Coral mitigates this by providing citations of publicly available sources and internal company data.
Source: Cohere
“Coral’s knowledge augmentation capabilities will connect our solutions to additional data sources to keep LLM-powered conversations grounded [and] factual, and generate outputs that match enterprise needs in real-life use cases,” said Joe Bradley, chief scientist from LivePerson, in a press release.