Encouraged by Tesla’s popularity in China, the country’s homegrown electric vehicle makers are raising more money and expanding their output, Reuters reported. In recent months, Chinese EV makers Xpeng and Li Auto raised $1.5 billion and $1.1 billion, respectively, in their U.S. initial public offerings. Earlier this week, another Chinese Tesla challenger WM Motor closed a $1.5 billion funding...
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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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