Open this photo in gallery: Cohere co-founder Nick Frosst said the company was able to achieve its results by focusing on building models that will be useful for business customers, as opposed to technology that can do everything and anything.Christopher Katsarov /The Globe and Mail Artificial intelligence company Cohere Inc. has released a low-cost AI model that it says was built with fewer computational resources than similar offerings from its competitors, some of whom are spending billions of dollars on data centres and chips to support development. The latest large language model (LLM) from the Toronto-based company was built for…