Huawei, the Chinese smartphone- and telecom-equipment maker hard hit by U.S. sanctions, is in talks to sell its premium smartphone brands to a consortium backed by the Shanghai government, Reuters reported. The sale, which may still not go through, would mark a further retreat for Huawei from its once hugely successful smartphone business. It has already sold off Honor, its budget brand of...
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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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