A Virginia district court has ordered Cisco Systems, the world’s top seller of networking equipment, to pay $1.9 billion after losing a patent infringement lawsuit brought by Centripetal Networks, a cybersecurity software provider. The case centered on Cisco’s decision three years ago to incorporate cybersecurity software into its networking switches and routers to offer customers more...
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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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