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thejournalbiz

AI Startup Cohere Valued at $5.5 Billion

Artificial intelligence startup Cohere Inc. is now one of the world’s most valuable artificial intelligence companies and one of the largest startups in Canada — but unlike some of its Silicon Valley competitors,

Broadcom Closing on a Chip Collab With OpenAI

Broadcom Inc. shares gained almost 3% on Thursday after the Information reported that it has discussed making an artificial intelligence chip for OpenAI, potentially vaulting it further into Nvidia Corp.’s territory. Tweet on

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The waiting game on rate cuts continues. Federal Reserve Chair Jerome Powell said Tuesday that inflation had resumed its downward shift but declined to say whether he was setting the table for a