As China continues its antitrust crackdown on tech, Tencent was ordered to give up exclusive music streaming rights and pay a fine. The fine stems partly from Tencent’s failure to report to authorities the 2016 acquisition of China Music Corp. The company was fined 500,000 yuan($77,000). Reuters said that regulators claimed Tencent held more than 80% of music library resources after buying...
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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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