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AI repricing isn't done, leads to broader sell off, says HSBC's Jose Rasco
Youtube· 2025-12-12 21:44
With only 11 trading days left in 2025, Wall Street is wrapping up another very strong year. All four major averages are up double digits. The Nasdaq is up 20%.This is for the third year in a row. Can this rally continue or will 2026 break the market's recent run. Well, maybe this week can provide a glimpse for evidence of evidence for both the bull and bear cases.On the bull side, we have seen improvement in the breath. It's more than just tech, financials, industrials, transports. If you dig into industri ...
Cohere hits a $6.8B valuation as investors AMD, Nvidia, and Salesforce double down
TechCrunch· 2025-08-14 17:40
Company Overview - Cohere has raised an oversubscribed $500 million funding round, increasing its valuation to $6.8 billion from $5.5 billion a year ago [1] - Founded in 2019 by Aidan Gomez, Cohere focuses on secure large language models (LLMs) for enterprise use rather than consumer applications [2] Partnerships and Talent Acquisition - The company has established partnerships with major enterprise technology firms such as Oracle, Dell, Bell, Fujitsu, LG's consulting service CNS, and SAP, as well as significant enterprise clients like RBC [3] - Cohere has recently hired Joelle Pineau, former head of research at Meta, as its chief AI officer and Francois Chadwick as CFO from KPMG [3] Funding Details - The latest funding round was led by Radical Ventures and Inovia Capital, with participation from existing investors including AMD Ventures, Nvidia, and Salesforce Ventures [4] - Notably, Oracle was not named as a participating investor in this round, despite its previous backing [4][7]