Chinese e-commerce giant Alibaba Group said its revenue for the quarter through June was flat from a year earlier, as Shanghai’s Covid-19 lockdown in April and May dealt a serious blow to its business. But even so, the revenue was better than analysts’ expectations. Alibaba’s net profit for the quarter dropped 50%, while operating profit declined 19%. Revenue from core China commerce...
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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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