⏰ First day! ⏰

📧 Inbox open for gossip, intros, etc: maria dot [email protected]

📞 Cell, signal, whatsapp same as always: 6033197139

Scoop: Cohere, one of the best-known startup competitors to OpenAI, has just 13Mn in annual revenue.

Perhaps why its funding round has stretched on for so long …..

Details here 👇

w/ Stephanie Palazzolo

Sources: Cohere, which has raised $445M and was seeking new funding at a $6B valuation last year, generated just ~$13M in annualized revenue at the end of 2023 (The Information)

theinformation.com/articles/tepid…

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techmeme.com/240320/p40#a24…

Exclusive: Tepid revenue at AI developer Cohere shows how OpenAI competitors face an uphill climb.

theinformation.com/articles/tepid…

From Stephanie Palazzolo and @heetermaria.

The revenue of AI startups has yet to catch up with their hype.

Just take Cohere: Despite generating just $13MM in ARR, the OpenAI rival wanted a $6Bn valuation—a whopping 450x multiple.

Maria Heeter and I have the inside details here:

theinformation.com/articles/tepid…

Generative AI founders can raise money.

But can they make money? Well...

Cohere shows broader ai startup revenue struggles.

theinformation.com/articles/tepid… by Stephanie Palazzolo Maria Heeter

Our newsroom cleaned up! Proud to work with 2x SABEW winner Maria Heeter, solo byline SABEW winners Michael Roddan & Kate Clark and a whole host of kickass reporters who owned OpenAI and Convoy coverage

go team! The Information

🚨SAByiew🚨 A dozen reporters from The Information won a swag of SABEW awards

I was lucky enough to win Small Division in the Banking/Finance category for these yarns:

🧶theinformation.com/articles/jpmor…

🧶theinformation.com/articles/tiny-…

🧶theinformation.com/articles/the-o…

🆒sabew.org/contestsawards…

Thrilled to have won a 2023 SABEW award with my colleagues Cory Weinberg and Maria Heeter at The Information for our coverage of Stripe's pre-IPO push and pull.

theinformation.com/articles/we-ha…