OpenAI Rival Cohere Looking to IPO ‘Soon,’ CEO Gomez Says

Cohere Inc. Chief Executive Officer Aidan Gomez said the artificial intelligence startup hopes to make its public market debut “soon,” in what would be one of the first IPOs from an AI model maker.

“I think public market investors would be excited to have a pure play AI investment opportunity as opposed to investing by proxy through hyperscalers,” Gomez said during an interview at Bloomberg Tech in London on Tuesday, using a term that refers to large cloud service providers like Amazon.com Inc. and Microsoft Corp. “But I don’t want to jinx it.”

Cohere CEO Aidan Gomez

Photographer: Chris J. Ratcliffe/Bloomberg

Cohere, co-headquartered in Toronto and ...