The day after media headlines touted generative AI model startup Cohere's fresh $500 million in new funding at a $5.5 billion valuation, the company is laying off about 20 employees.
The job cuts, equivalent to roughly 5% of the company's 400-person workforce, is the latest sign of the challenges surrounding the tech industry's headlong rush into generative AI, with bullish indicators and warning signs seeming to flash simultaneously.
