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Character.AI Eyes Impressive Funding at Over $5B Valuation

Sep 29, 2023 - coinspeaker.com
Character.AI, an AI startup founded by ex-Google employees, is reportedly in early discussions for a funding round that could value the company between $5 billion and $6 billion, according to Bloomberg. The company, which specializes in generative AI tools, has attracted significant interest from potential investors. However, the negotiations are still in the preliminary stage and could change or be terminated.

The company, launched in 2021, has already achieved unicorn status after raising $150 million in March. Character.AI offers a unique chatbot service that can impersonate any character or person, and recently introduced a $10 monthly subscription service. Despite declining to comment on the exact valuation, a spokesperson highlighted the company's growth and the interest in its technology.

Key takeaways:

  • Character.AI, an AI startup founded by former Google employees, is in early discussions to secure substantial funding, possibly exceeding $5 billion in valuation.
  • The company's value could potentially range from $5 billion to $10 billion, according to sources.
  • Character.AI introduced a $10 monthly subscription service called c.ai+, aligning with the growing trend of companies developing generative AI.
  • The company reached unicorn status after raising $150 million in funding in March this year, two years after its launch.
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