UiPath, a 15-year-old company that develops software for automating repetitive tasks inside businesses, announced it has filed confidentially for an initial public offering. The move, which comes five months after UiPath announced a $225 million Series E funding round at a $10.2 billion valuation, illustrates how the software category known as “robotic process automation” has caught fire in...
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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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