Disney took an aggressive step to save cash by announcing that it was suspending its semi-annual dividend. The move, which it announced on its earnings call, will save the company $1.6 billion, and follows other cost cutting moves its taken recently such as widespread employee furloughs and executive salary reductions. The pandemic has whacked nearly all areas of its business, but especially the...
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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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