Facebook is investing $100 million to support local news organizations, which are losing advertising dollars as marketers slash their budgets due to the coronavirus pandemic. The social media giant said it has committed $25 million in emergency grant funding and an additional $75 million in marketing to support local news organizations covering the crisis. Facebook last year committed $300...
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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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