SoftBank revised its earnings forecast for the fiscal year ending in March, saying its net loss will be 900 billion yen ($8.45 billion), which is 150 billion yen more than previously expected. The Japanese tech conglomerate, which had provided a forecast earlier this month, said the wider loss is attributed to deteriorating conditions at WeWork, the office-sharing firm hit hard by the Covid-19...
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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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