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0 pointstsunamifury1y ago0 comments

And screw investors

0 pointstsunamifury1y ago0 comments

And screw investors

0 comments

5 comments · 1 top-level

agnokapathetic1y ago· 4 in thread

per The Information -- investors don't get screwed, the board repurchased all shares at $88/share ($2.5B valuation).

blackhawkC171y ago

The money to repurchase shares must be coming from an external source?

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

metadat1y ago

Absolutely not yet profitable, not even close.

Currently a money furnace.

tsunamifuryOP1y 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.

fnbr1y 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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