The Information:

Sources: Tiger Global nears a deal to sell a ~2.1% stake in AI startup Cohere for ~$63M at a $3B valuation, up 40% from June 2023; Tiger will retain a ~5% stake  —  Tiger Global Management is nearing a deal to sell part of its stake in OpenAI rival Cohere at a roughly $3 billion valuation …

The Information:

Sources: Tiger Global nears a deal to sell a ~2.1% stake in AI startup Cohere for ~$63M at a $3B valuation, up 40% from June 2023; Tiger will retain a ~5% stake  —  Tiger Global Management is nearing a deal to sell part of its stake in OpenAI rival Cohere at a roughly $3 billion valuation …

Source: TechMeme
Source Link: http://www.techmeme.com/230822/p25#a230822p25