Restaurant software payment service Toast is seeking to raise as much as $717.4 million in its upcoming initial public offering that could value the company at more than $18 billion. The company will sell 21.7 million shares for between $30 and $33, it said today, although the pricing range is tentative and could change when the company prices the offering. The company struggled at the...
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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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