A Canadian rival of OpenAI has secured $270 million from investors, including Oracle and Nvidia. Now, the artificial intelligence start-up company called Cohere is worth more than $2 billion. Canadian firm Cohere, which creates artificial intelligence technologies, has raised $270 million in funding. A number of institutional and strategic investors, including US chip and video card manufacturer...

According to the Guardian newspaper, the UK Advertising Standards Authority (ASA) has prohibited various commercials from the UK-Dutch Shell, Spain's Repsol, and Malaysia's Petronas because they misled customers on the environmental performance of the businesses. The ASA said that Shell neglected to disclose to consumers that a large portion of its business relies on fossil fuels, such as...

According to Reuters, which cited its own sources, the Italian energy major Eni is in secret negotiations to acquire the oil and gas company Neptune Energies. The transaction could cost between $5 billion and $6 billion. "Italian energy giant Eni has entered into exclusive talks to acquire privately backed gas and oil producer Neptune Energy after improving its previous offer to just under $6...

U.S. pharmaceutical company Merck filed a lawsuit against the U.S. Department of Health and numerous other governmental organizations in the U.S. District Court for the District of Columbia. According to the company, a provision in the United States' inflation-control law that permits the price of some medications to be negotiated under the country's national health insurance (Medicare) program...

The value of the Elon Musk’s company Neuralink, which creates chips for brain implantation, has surpassed $5 billion, reports Reuters. The Neuralink startup, makes chips for brain implantation, is currently valued at roughly $5 billion. The value is based on shares of Neuralink traded privately in recent months, prior to the company's announcement that U.S. regulators had cleared human trials...

Pixar animation studio has laid off 75 employees. This is the first round of layoffs at the business in ten years, according to Reuters. Among those let go are actor and director Angus MacLane and producer Galyn Susman. They worked on the studio's most recent big release, the Lightyear animated movie. The $200 million budget animation failed as it only made $226.7 million at the global box office...

Lucid Motors, a manufacturer of high-end electric vehicles in the United States, declared its plan to offer more shares of its common stock in order to raise around $3 billion. Lucid has already reached an agreement with the Saudi Public Investment Fund (PIF) to receive $1.8 billion of the aforementioned sum in exchange for 265.7 million common shares. PIF has a significant stake in Lucid,...

Nvidia, a U.S. chip manufacturer, reached a trillion-dollar market valuation. According to trade data, the market worth of the American corporation Nvidia rose quickly to $1 trillion. Nvidia became the first chipmaker to attain such a market value milestone. The company’s shares shot up dramatically after the business revealed a day earlier that it resolved to create Israel's most potent...

Temasek Holdings, a Singapore investment fund reduced financial pays of employees who were in charge of making investments in the cryptocurrency startup FTX Group, which failed last year. Temasek’s internal inquiry determined that the $275 million investment in FTX was not illegal, and did not violate any of the fund's guidelines.  The business also acknowledges that there are risks...