SoftBank has sold some of its shareholdings in Alibaba worth $2.2 billion, bringing the total of Alibaba stock sold by the Japanese company this year to $13.7 billion, Bloomberg reported. SoftBank, which invested in Alibaba in 2000, still is the Chinese e-commerce giant’s biggest shareholder, but the two companies’ two-decade-long alliance is beginning to weaken. Last month, SoftBank founder...
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Chatbot Startup Character Seeks $250 Million, Testing Investor Appetite for AI
Character, an AI chatbot startup founded by two former Google researchers, has told investors it wants to raise as much as $250 million in new funding, according to two people with direct knowledge of the matter. The pitch will test investors’ appetite for machine-learning startups as Microsoft’s multibillion-dollar deal with OpenAI casts a halo over the sector. A funding round of...
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