Crypto lending firm BlockFi disclosed on Monday that it had “significant” exposure to bankrupt exchange FTX and said that it has tapped BRG, an advisory firm that’s working as a restructuring advisor on Voyager Digital’s chapter 11. BlockFi had agreed to a $400 million credit line from FTX in July after it was exposed to the now-fallen hedge fund, Three Arrows Capital. The crypto lender froze...
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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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