Sprint stock jumped 77% on news that a federal judge had rejected a move by a group of states to block T-Mobile’s merger with Sprint. Exactly when the deal will close, though, remains uncertain. The states may appeal the judge’s decision, for one thing. Analysts have said an appeal is unlikely, although some of the same analysts also thought the judge would block the deal, so it’s tough to know...
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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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