The U.S. leader in on-demand delivery of restaurant food, DoorDash, is poised to raise at least several hundred million dollars from mutual funds and others, said a person with knowledge of the situation. The move is expected to raise the company’s pre-investment valuation by 25% to $15 billion compared to its last equity funding last year. And it further increases the company’s cash balance,...
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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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