BuzzFeed is shedding staffers from its newly acquired asset. The company announced it was laying off 47 HuffPost employees, including writers and editors, in an attempt to stem losses at the news site. In a note sent to staffers, BuzzFeed CEO Jonah Peretti said HuffPost lost $20 million in 2020, blaming the pandemic’s effect on the ads business. BuzzFeed, he said, was profitable but not enough...
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Character Seeks $250 Million in New Funding Amid AI Boom
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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