The Information's TITV
00:28:58 · Nikhil Raghuveera, Joelle Pineau, Akash Pasricha
[00:28:58] S4: I would love [00:28:58] S3: to. I mean, is... Is the latest ones. All I say is, you know, like, quarter over quarter, and we just closed our q three. We've been meeting our we've been meeting our objectives. We've have a really healthy revenue stream and and and talking to lots of other prospective customers. And so I'm not worried per se in terms of our ability to meet our revenue objectives in the coming year. [00:29:21] S0: Right, right. Hey, so kind of a fun moment for all AI labs around the world to see the Anthropic S1 come out. I'm sure you poured over it like we all did. Tell me about what surprised you there and what implications you felt like it had for your business as you build it. [00:29:44] S3: Yeah. There's a lot of information in there, and certainly it it's [00:29:47] S0: 400 pages. Compared
00:29:47 · Akash Pasricha, Joelle Pineau
[00:29:47] S0: 400 pages. Compared [00:29:49] S3: to some of the the other ones we've we've seen in the past. You know, some of the things that are really catching our our attention is is navigating how to talk about the safety and the risks of these systems. You know, I've been building systems from research point of view for many, many years. We're used to obviously like benchmarking these systems and looking at what are some of the risks that could come out of that. The disclosure of these risks in this case is a very interesting one with a number of things we probably hadn't seen before. And so it's going to be curious to see whether that becomes standard across AI companies' IPO, whether that we adopt a certain form of how to report on things, in many cases that are quite speculative, quite frankly, how the market reacts to that. So I think that's the that's the thing that I'm I'm looking at, in particular deciding how do we build up the right body of knowledge so we can be transparent about risks in a way that inform the investors while being grounded really like the science and the properties of the system. [00:30:54] S0: When is Cohere's IPO going to be? [00:30:57] S3: I will be glad to give you a call as soon as I have the date. I would love to come back and tell you all about it. [00:31:03] S0: You just got just got to tell Francois to join us next time so that we can... [00:31:09] S3: We'll come together. Always a pleasure.
00:31:09 · Joelle Pineau, Akash Pasricha
[00:31:09] S3: We'll come together. Always a pleasure. [00:31:13] S0: One last question before you go, Joelle. Just going back to the compute infrastructure and capacity conversation. So as you look to build out your own capacity, I mean, we've seen all this conversation around Neo Clouds and the risks maybe that those businesses face because of the fact that as companies like yourself, the hyperscalers, as they build their own facilities and as they come online, will they move their capacity from the Neo Clouds, and what will that mean for their businesses? Walk me through just your own perspective on that. Do you see that as reality for you guys too? Are you using NeoClouds right now, and are you likely to transfer that? Because maybe that can tell us something about the future of these NeoClouds altogether.
00:31:58 · Joelle Pineau, Akash Pasricha
[00:31:58] S3: Yeah. I think we're very open to partnering with NeoClouds. They come in with an expertise, and for a company like Cohere at the stage of growth that we are, one of the risks is to get distracted and try to do too many things all at once. So, you know, the core of our technical expertise is really is in the model building. We've developed a lot of expertise in terms of building the harness, the governance layer and so on. Wouldn't say today our expertise is in building up data centers. There are others who do this really, really well. And so, you know, partnering with the right neo cloud is definitely something we're looking at. Partnering with some of the bigger players is also something that we've done in the past and will continue to do. By no means, the goal is to to do this alone over the over the next few years. And so we're going to we're going to have to see who's the right partners. Obviously, you know, with this, there's an expectation when we build some of that in Canada, eventually some of that in Germany. We will continue to partner with the big American players as well. So I I think what's most important actually is to have choice and optionality. And frankly, like the cost of compute and the rate at which it's been climbing gives an opportunity for some of these neo clouds to really come and disturb the market. [00:33:07] S0: Nice. Where in Canada are you gonna build the the facilities? Have you guys said yet? [00:33:11] S3: We haven't said that yet. No, no. But lots of good land and some clean energy, which frankly really matters.
00:33:11 · Joelle Pineau, Akash Pasricha, Yueqi Yang
[00:33:11] S3: We haven't said that yet. No, no. But lots of good land and some clean energy, which frankly really matters. [00:33:19] S0: Great. Okay, Joelle, I want to thank you for coming on. It was a great conversation as always. That is Joelle Pineau, the Chief AI Officer at Cohere here on TITV. Binance has suffered a $6,300,000,000 hack, which would make it the biggest crypto hack of all time. The exchange says that all losses will be covered as it works with other crypto companies to freeze the stolen funds. For more on this, I want to bring on The Information's Crypto Reporter, Yueqi Yang, and Nikhil Raghuveera, Co Founder and CEO at Predicate. Welcome to you both. It is great to have you here. Yueqi, how much sleep did you get last night? [00:34:02] S5: That's a great question. Right before I went to bed last night, I was still checking the Twitter update from Binance. And the last I saw was that Binance paused deposit and withdraw on the exchange as it works through security review after this massive historic hack. And there's more update coming out from Binance this morning. Like you mentioned, Binance confirmed that they were hacked for $6,300,000,000 which makes it the largest hack ever in crypto history. And they intend to use their own company fund to cover all the losses. [00:34:37] S0: And Yueqi, what do we know about who is behind this hack? How they did it? What do we know there?
00:34:37 · Akash Pasricha, Yueqi Yang, Nikhil Raghuveera
[00:34:37] S0: And Yueqi, what do we know about who is behind this hack? How they did it? What do we know there? [00:34:46] S5: So Binance said the initial investigation shows that an engineer's laptop was compromised and that allowed the hacker to gain access to submit unauthorized withdrawal request from the Binance wallets. And cybersecurity experts have pointed out that it is likely a state actor from North Korea just based on the pattern of hack. And Binance promised that they will put out more detailed review after they have a better understanding of the situation. [00:35:21] S0: Okay. So Nikhil, did you get any more sleep last night? What time do you go to bed? [00:35:26] S4: I think I went to bed around 4AM or so. [00:35:29] S0: Right. So you guys were maybe texting each other. So tell me, Nikhil, what's been the reaction from the rest of crypto sector? How have the stablecoin companies reacted? How have other exchanges reacted? Walk walk me through it.