Shares of GoodRx jumped 39% in their first few hours of publicly trading on Wednesday, lifting the prescription drug coupon company’s stock to $46 from its IPO price of $33. And the IPO price was an increase on the expected price of around $26. At $46 a share, GoodRx has a market capitalization of $17.7 billion. GoodRx’s revenue grew 55% last year and the company is profitable, making it a...
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How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core. The founder and CEO of Logikcull, a San Francisco–based legal technology company, Wilson “had the exact same reaction to ChatGPT as I had to the internet browser in the early ’90s,” he said. “But this time I knew it would be even bigger than...
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