Alibaba’s first multibillion bond offering since 2017 was heavily oversubscribed, signaling that investors have mostly shrugged off a recent regulatory crackdown on its businesses and affiliates. The Chinese e-commerce giant sought to raise $5 billion in the bond sale, which at its peak received $38 billion in orders, the South China Morning Post and others reported. The blockbuster demand...
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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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