Bloomberg Tech

Baidu, SenseTime Among First Firms to Win China AI Approval

China approved the first batch of generative artificial intelligence services for public rollout, freeing up homegrown technology champions including Baidu Inc. and SenseTime Group Inc. to openly compete with the likes of OpenAI Inc. and Microsoft Corp.

OpenAI Rival Cohere Taps JPMorgan, Goldman for Financing

Artificial intelligence startup Cohere, backed by investors including Oracle Corp. and Nvidia Corp., is working with banks to raise a fresh round of financing, just a few months after its last one, according to people familiar with the matter.