Zoom Video Communications delivered another knockout quarter, reporting revenue growth of 369% in the three months to end of January, while net income soared. The videoconferencing service has become a cash machine, the earnings results showed. Zoom generated $378 million in cash in the quarter, after capital expenditures, compared with $27 million a year earlier. The company also raised $2...
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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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