Google in Talks To Invest in Artificial Intelligence Startup Character.AI
The investment in Character.AI, likely as convertible notes, aims to develop new chatbot models. Finalizing this deal will strengthen the partnership between the two companies. Character.AI uses Google’s cloud services and tensor processing units for its AI training operations.
Character.AI: Pioneering Chatbots with Historical and Fictional Personalities
Founded by veterans from Google’s DeepMind project, Character.AI creates chatbots emulating historical and fictional characters, targeting the 18 to 24 age group. The startup secured a $150 million investment and is seeking more investments in exchange for equity, valuing the company at $5 billion.
Since the introduction of ChatGPT in 2022, major tech companies have been seeking substantial stakes in emerging AI firms. Staying on top of AI advancements is crucial for the tech industry.