Cohere Partners With LG Unit to Offer AI Products for South Korea
**Title: Cohere Partners With LG Unit to Offer AI Products for South Korea**
**By Juro Osawa**
**Source: The Information**
Cohere, one of the earliest venture-backed developers of artificial intelligence models, is teaming up with a subsidiary of electronics giant LG to develop highly localized AI products for businesses in South Korea, the companies said Monday.
Canada-based Cohere, which has faced tough competition from bigger U.S. rivals like OpenAI and Anthropic, is expanding its business in non-English speaking countries in search of more revenue. Under the new partnership, Cohere and LG CNS will develop AI models with strong Korean language capabilities and offer products that are tailored for specific industries like financial services, the companies said.
Cohere last year launched a similar partnership in Japan, where it works with Fujitsu to provide local businesses with AI products based on Japanese language models co-developed by the two companies.
Cohere's annualized revenue was $70 million at the start of this year, more than triple since last March, thanks in part to its growth in non-English speaking countries like Japan, The Information reported last month.