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by agnokapathetic 685 days ago
per The Information -- investors don't get screwed, the board repurchased all shares at $88/share ($2.5B valuation).
2 comments
blackhawkC17 685 days ago
The money to repurchase shares must be coming from an external source?

I assumed Character.AI wasn’t profitable, like most AI startups.

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metadat 685 days ago
Absolutely not yet profitable, not even close.

Currently a money furnace.

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tsunamifury 685 days ago
These 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.
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fnbr 685 days ago
They raised ~$200M total, and $150M at the series A. So if they're just paying back investors, they'd "only" need $500M.
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