AI & Enterprise
Cohere unveils Parse 5 document-parsing AI focused on cost performance
Cohere has unveiled Parse 5, a document-parsing AI model that converts PDFs, slides and images into structured markdown, VentureBeat reported. The 2.3-billion-parameter vision-language model targets cost performance rather than maximum accuracy, the company said. On its ParseBench benchmark it scored 79.2 points, below GPT-5.5 and some other models but above several tools. Pricing is $1.50 per 1,000 pages, and a single-tenant platform is offered for high-volume users.
