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Chinese Used-Car Trading Platform Once Valued at $1.4 Billion Could Be Sold for $1,400

By
Shai Oster
· · Source: Bloomberg

A Chinese online used-car trading platform once valued at $1.4 billion has agreed to sell itself for just $1,400, according to Bloomberg. The startup, Renrenche, had raised $760 million as of 2018, according to PitchBook, and had backers including Goldman Sachs, Tencent and Didi Chuxing. Bloomberg said the potential deal to sell to Chinese online classifieds listing portal 58.com would...

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How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
By Chris Stokel-Walker · May 27, 2023 6:00 AM PDT
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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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