Shein raised a new funding round at a $66 billion valuation, about a third less than its previous valuation of $100 billion, The Wall Street Journal reported Wednesday. The $2 billion round was led by Sequoia Capital, General Atlantic and United Arab Emirates sovereign wealth fund Mubadala. The e-commerce giant, which offers shoppers a steady stream of cheap, trendy clothing, raked in $23...
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Shein’s Valuation Drops 34% in $2 Billion Funding Round
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How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core. The founder and CEO of Logikcull, a San Francisco–based legal technology company, Wilson “had the exact same reaction to ChatGPT as I had to the internet browser in the early ’90s,” he said. “But this time I knew it would be even bigger than...
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