(Reuters) - Cohere, an artificial intelligence startup that develops foundation models to compete with ChatGPT creator OpenAI, is in advanced talks to raise $500 million at a valuation of about $5 billion, according to a person familiar with the matter. The Toronto-based company has seen its annualized revenue run rate grow to $22 million this month from $13 million in...

NEW YORK, March 21 (Reuters) - UNICEF, the U.N. children's agency, helps children in 190 countries and territories all over the planet. But as president and CEO of its American branch, UNICEF USA, Michael Nyenhuis has a favorite spot closer to home: Minnesota's Minneapolis and St. Paul. The longtime philanthropy executive (and Minnesota native) shares these insider tips on the...

NEW YORK/LONDON, March 21 (Reuters) - The looming introduction of a shorter settlement cycle for U.S. securities is causing headaches for international fund managers, who face staffing problems, the prospect of holding more cash and raised foreign exchange risk as they prepare to comply. Introduced to lessen the risks of unsettled trades after periods of volatility, the coming change will...

NEW YORK/LONDON (Reuters) - The looming introduction of a shorter settlement cycle for U.S. securities is causing headaches for international fund managers, who face staffing problems, the prospect of holding more cash and raised foreign exchange risk as they prepare to comply. Introduced to lessen the risks of unsettled trades after periods of volatility, the coming change will see securities...