AMC Entertainment Holdings said it may run out of cash by the end of the year unless it raises funds or attracts more customers to its theaters following shutdowns from teh coronavirus pandemic. The biggest movie theater chain in the U.S. said that it had reopened the majority of its U.S. theaters–494 of 59, but attendance is down 85% year oever year. As the effects of the shutdown continue...
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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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