Deliveroo, the U.K.-founded food delivery company backed by Amazon, has selected London for a future initial public offering. It made the decision after the U.K. government sought to overhaul listing rules giving founders and executives the chance to retain more control in public offerings. In a statement on Thursday, William Shu, Deliveroo’s founder, said the company would be eyeing a future...
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Oracle’s Answer to the Microsoft-OpenAI Alliance: Cozying Up to Cohere
Oracle has invested in Cohere, an artificial intelligence startup that competes with OpenAI, the startup said on Thursday. What Cohere didn’t say: Oracle plans to make the startup a centerpiece of its strategy to catch up to bigger cloud rivals that sell services powered by large-language models. Steve Miranda, a senior Oracle executive, has told employees the company plans to sell access...
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