After Google's $2.7B Acquisition Of Founders And Staff, This AI Startup Abandons Large Language Model Plans And Shifts Focus Away From Chatbots
Portfolio Pulse from Benzinga Neuro
Character.ai is shifting its focus from developing large language models to enhancing consumer products, following the departure of its founders to Google in a $2.7 billion deal. The high costs of training frontier models prompted this strategic pivot.
October 02, 2024 | 1:41 pm
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Google acquired 20% of Character.ai's staff and paid $2.7 billion for a license to the startup's models. This acquisition strengthens Google's AI capabilities, particularly with the rehiring of AI pioneer Noam Shazeer.
The acquisition of Character.ai's staff and technology enhances Google's AI capabilities, particularly with the return of AI pioneer Noam Shazeer. This strategic move is likely to positively impact Google's stock in the short term.
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