Hotel reservation giant Booking.com will “probably” have to lay off employees, after raising $4 billion in debt, CEO Glenn Fogel told employees last Friday. He said the number of new bookings was down 85% year over year in the first week of April, and revenue had declined even further due to price cuts at hotels. Audio of the meeting, which was reviewed by The Information, was first obtained...
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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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