Alibaba Group’s revenue for the quarter through September grew only 3% from a year earlier, but its operating profit rose 68% as the Chinese e-commerce giant focused on cost cuts. Alibaba, whose share price has fallen 35% since the beginning of this year, also said its board has approved to upsize its share buyback program by another $15 billion. Alibaba said it has already bought back about...
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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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