IAC is considering spinning out Match Group, which includes the dating app Tinder, and Angi Homeservices, which includes Angie’s List and HomeAdvisor. The news was disclosed by IAC, the conglomerate of tech and media brands owned by Barry Diller, in a letter to shareholders by IAC CEO Joey Levin, who cautioned that “we may ultimately choose to spin off both, one or neither.” Both Match Group...
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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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