News Rundown: Cohere raising $500M with PSP, Schools Sue Social Media for $4.5B, Going Private, and SBF gets sentenced
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Show Notes
Topics John Ruffolo and Matt Cohen discuss:
* (00:00) Cohere's significant fundraising efforts, competing in the LLM space, and the notable involvement of Canadian pension funds at a valuation of $5 billion.
* (03:29) Canada's strategy in artificial intelligence emphasizes the critical role of government in education and talent development, but is direct governmental involvement in AI businesses effective?
* (06:09) A $4.5 billion lawsuit has been filed against major social media companies by four Canadian school boards
* (11:15) Canadian public tech companies like Nuve and Lightspeed consider privatization to avoid public market scrutiny and leverage private investment strategies
* (17:00) FTX founder Sam Bankman-Fried sentenced to 25 years for fraud what will the implications be for investor compensation and the broader crypto industry
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