Online game development service Roblox announced Monday that it has confidentially filed to go public, as demand for video games has risen throughout the pandemic. Roblox is considering going public via a traditional initial public offering or a direct listing, and the deal could double its recent $4 billion valuation, Reuters reported . Roblox last raised $150 million in February and has...
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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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