Consultancy giant McKinsey said it had struck a partnership with artificial intelligence startup Cohere in an effort to provide AI solutions to its enterprise clients.
This is the first partnership with a large language model provider that McKinsey has announced as it joins other global consulting firms to tap into the global AI frenzy kicked off by the popular Microsoft-backed OpenAI's ChatGPT.
"We are seeing our clients consider cost, IP protection and consumer privacy, and how the model is trained. We found Cohere to be one of the great solutions out there," Ben Ellencweig, senior partner at McKinsey, told Reuters in an interview. McKinsey said it was working with Cohere to build customized solutions to help improve customer engagement and workflow automation for clients. It added it was also considering using Cohere to increase its internal efficiency and power the knowledge management system at McKinsey.
The two companies said they have worked together to serve companies across industries, from financial services to retail, without disclosing any names.
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