AI Chatbot Startup Character.AI Raises $150M

Character.AI, the AI chatbot startup, has raised $150 million in a new funding round led by Andreessen Horowitz, valuing the company at $1 billion and in talks with cloud providers for more strategic investment.

Character.AI, an AI chatbot startup, has raised $150 million in a new funding round led by Andreessen Horowitz, valuing the company at $1 billion. This is the latest example of the AI funding boom since OpenAI’s ChatGPT became a widely recognized name. Character.AI is in talks with cloud providers for more strategic investment, and the billion-dollar valuation for a company with zero revenue is a testament to the potential of AI technology. The news comes amid the recent shockwaves caused by the collapse of Silicon Valley Bank.

Character.AI enables users to create customized AI companions with specific personality and values, has seen a surge in investment in 2023, surpassing the full-year amount of $1.5 billion in 2020. The company will use the funding to train its self-built models and expand its 22-person team. In just six months since its launch, Character.AI has already achieved 100 million monthly site visits, a similar trajectory to ChatGPT, which set a record for the fastest-growing user base when it reached 100 million monthly users in two months. Character.AI is set to revolutionize the AI industry with its innovative technology and is poised to become a major player in the AI space.

Character.AI is launching a new model that adds more productivity capabilities to its current use cases such as entertainment, roleplay and emotional support. This new model will help users draft emails, prepare for tests, and more. According to Character.AI, users who send messages spend an average of more than two hours a day on the site. This new model will help users become more productive and make the most of their time on the site. With this new model, Character.AI is aiming to provide users with an even better experience.

Founded by Noam Shazeer, Character.AI company is currently offering its services for free, but plans to launch a paid subscription in the near future. It is also considering an ad-supported model. Character.AI’s mission is to make AI available to everyone, so that a billion people can invent a billion use cases. The company is focused on making AI easier to use and more accessible, so that anyone can benefit from its capabilities. With its free services, Character.AI is helping to make AI more accessible and is paving the way for a future where everyone can benefit from the power of AI.

Replika, another AI chatbot creator was founded in 2021 by former Google researchers Noam Shazeer and Daniel De Freitas, has attracted the attention of investors including former GitHub CEO Nat Friedman. For 250,000 paying subscribers, Replika charges an annual fee of $69.99. Replika is a powerful AI chatbot creator that enables users to create their own AI chatbot for a variety of purposes, including customer service, marketing, and more.

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Rina Giannino
Journalist venturing into blockchain, Rina has been a follower of the technology since 2019 and finally taken the plunge with a career as a journalist in the industry.