Indian conglomerate Reliance Industries is in preliminary discussions with China’s ByteDance to invest in TikTok’s India business, TechCrunch reported. The talks come after India’s government banned TikTok and dozens of other Chinese-owned mobile apps in late June. An investment from Reliance, one of the most politically connected companies in India, could revive TikTok in the country. Indian...
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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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