Cruise CEO Dan Ammann is leaving the autonomous-vehicle company, General Motors, Cruise’s parent, announced on Thursday. The automaker didn’t give a reason for Ammann’s departure. Ammann, who helped lead the automaker’s 2016 acquisition of the self-driving startup, had served as Cruise’s CEO for three years. Cruise president and CTO Kyle Vogt, who preceded Ammann as CEO, will return to the chief...
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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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