Cohere Parse 5 loses the benchmark on points. It wins on cost per page.
THE SO WHAT
For document-heavy enterprises, cost per page is the real constraint—Parse 5 betting on price-to-performance over leaderboard accuracy is a reminder that infra economics, not model purity, will decide which tools get production traffic. If you’re feeding PDFs and scans into AI workflows, re-run your TCO models with structure recall and cost per page as the two axes, not just benchmark scores.
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