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per The Information -- investors don't get screwed, the board repurchased all shares at $88/share ($2.5B valuation).
by agnokapathetic 2y ago
per The Information -- investors don't get screwed, the board repurchased all shares at $88/share ($2.5B valuation).
- blackhawkC17 2y agoThe money to repurchase shares must be coming from an external source? I assumed Character.AI wasn’t profitable, like most AI startups.
- metadat 2y agoAbsolutely not yet profitable, not even close. Currently a money furnace.
- tsunamifury 2y agoThese two stories are hard to rectify unless the Google licensing deal is a lump sum of several billion dollars. Which feels borderline impossible. Even Microsoft didn’t do that with open AI and the AI trade is cooking very fast.
- fnbr 2y agoThey raised ~$200M total, and $150M at the series A. So if they're just paying back investors, they'd "only" need $500M.