The Federal Trade Commission has approved a $5 billion settlement with Facebook over a probe into the company’s privacy practices. The penalty, in the range of what Facebook had said it was anticipating, is the highest the FTC has ever levied against a tech company. A major outstanding question was whether Facebook would be required as part of the settlement to make substantial changes to the...
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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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