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 (The Information)

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 …

from Techmeme https://ift.tt/ia86Jve