The Securities and Exchange Commission rejected a proposal by the New York Stock Exchange that would have allowed companies to go public via a direct listing while simultaneously raising money. The proposal would have been made direct listings appealing to a broader range of companies than currently. The SEC’s decision may only be a hiccup in the process, however. The SEC is still considering...
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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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