The Information: Sources: Cohere, which has raised $445M and was seeking new funding at a $6B valuation last year, generated just ~$13M in annualized revenue at the end of 2023  —  The conversational artificial intelligence boom sparked by ChatGPT boosted funding and valuations for startups in the field, but few of them are making much money. Lees verder op Tech Meme

CNBC: Reddit priced its IPO at $34 a share, the top of its expected range, bringing in $519M and valuing the company at about $6.5B  —  In this photo illustration a Reddit logo is seen displayed on a smartphone.  —  Reddit, the 19-year-old website that hosts millions of online forums … Lees verder op Tech Meme

Bloomberg: Sources: the US DOJ is poised to sue Apple as soon as Thursday, accusing it of violating antitrust laws by blocking rivals from accessing iPhone features  —  – Lawsuit to be filed in federal court as soon as Thursday  — Case comes as iPhone maker also faces scrutiny in Europe Lees verder op Tech Meme