Character.ai, an Alternative to ChatGPT, Valued at $1 Billion | IBL News

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Generative artificial intelligence chatbot company Character.ai is now valued at about $1 billion after an investment of more than $200 million led by Marc Andreessens venture capital firm Andreessen Horowitz, The Financial Times reported.Launched less than six months ago, Character.ai uses large language models, the technology that underlies chatbot ChatGPT. The company was founded by Noam Shazeer and Daniel De Freitas, who previously built Googles conversational model LaMDA.Andreessens investment is the latest sign of the hype around the sector after Microsoft and Google struck big partnership agreements with OpenAI and Anthropic.

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