Saturday, September 7, 2024

Character.AI, Aleph Alpha, and other AI startups that raised hundreds of millions are struggling to compete against better-funded rivals and Big Tech companies (Bloomberg)

Bloomberg:
Character.AI, Aleph Alpha, and other AI startups that raised hundreds of millions are struggling to compete against better-funded rivals and Big Tech companies  —  Even companies that raised hundreds of millions in funding are bowing out of the race to develop advanced AI models.



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...