Cohere Releases Parse 5 (parse-v5.0): A 2.3B Vision Language Model That Turns Enterprise Documents Into Markdown

Cohere has released Parse (parse-v5.0), a 2.3B-parameter vision language model that converts PDFs, slides and images into Markdown with HTML tables, bounding boxes and image descriptions. It runs at $1.50 per 1,000 pages through the API, or on dedicated Model Vault instances from $2,500 a month. Cohere reports a ParseBench score of 79.2, ahead of Mistral OCR 4, Azure Document Intelligence and…