TikTok’s parent company ByteDance is very close to a deal to sell TikTok’s U.S. business, according to two people involved in the negotiations. The front-runners remain Microsoft (together with Walmart) and Oracle (which is teaming up with several investors), according to four people. The Information earlier reported that the price could approach $30 billion, although given the pressure TikTok...
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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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