Chinese artificial intelligence startup Sobot, which develops AI-powered customer services software, said it has raised $100 million in a funding round led by new investor SoftBank. The deal shows how SoftBank’s Vision Fund 2 continues to strike new deals in China, even after the country’s harsh regulatory crackdown on the internet sector last year hurt some of the Japanese investment firm’s...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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