Cohere co-founder Nick Frosst emphasizes the company's focus on enterprise AI, avoiding the AGI conversation prevalent in the industry. Valued at $5.5 billion, Cohere targets business automation tasks in sectors like healthcare and banking. Recently, they launched an AI agent platform, North, allowing users to customize AI tools easily. Despite competition from consumer-focused AI companies, Cohere aims to maintain efficiency and attract investors by concentrating on enterprise solutions.