At this point, you can almost set your clock by it — every week there is a huge raise by an AI startup.
This week — like the last — the big round created a new unicorn as Character.AI closed a $150 million Series A at a $1 billion valuation led by Andreessen Horowitz. The round had been reported earlier this month.
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The Palo Alto, California-based AI startup allows people to create their own personalized AI chatbot using language models and deep-learning algorithms. The AI-created companions can help users draft emails, serve as a study buddy, brainstorm ideas or a variety of other activities.
Investors just can’t get enough
Of course, Character.AI is far from the only AI startup this year to raise cash. Despite strong headwinds — like a drop in venture financing and the collapse of Silicon Valley Bank — VCs and large strategics including Microsoft, Google and Salesforce1 all continue to show unabated interest in generative AI startups.
Earlier this month, San Francisco-based AI startup and rival to ChatGPT, Anthropic, was reported to be raising another $300 million round at a pre-investment valuation of $4.1 billion. Spark Capital is reportedly leading the round.
That came just about a month after Anthropic raised between $300 million and $400 million from Google.
Who will it be next week?
- Salesforce And Its Venture Arm Latest To Join AI Craze
- We’ve Seen This Before: Investors Take To The Next Shiny Toy — AI
- AI Startup Anthropic Raising Another $300M At $4.1B Valuation — Report
- Adept Latest AI Startup To Raise Big — Nabs $350M
Illustration: Dom Guzman
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