The inexhaustible thirst of venture capitalists for transactions in the trendiest sector of technology is being tapped by Character.AI, an artificial intelligence start-up formed by two former Google workers.
The two-year-old business announced on Thursday that it had raised $150 million in a Series A funding round headed by Andreessen Horowitz at a $1 billion value. In 2021, Noam Shazeer and Daniel De Freitas formed Character.AI after leaving Google and contributing to the architecture of well-known chatbots.
Character.AI said that users of its technology may “build a fully-customizable and personalized AI companion with a distinct personality and values.”
Character.AI claimed that with the additional funding, it will be able to increase its “compute skills, resulting in a more complex model with better reasoning and greater accuracy.” The funding will enable the business to expand its 22-person staff and bring in technical expertise. The business said that it is getting closer to 100 mn monthly visitors, a four-fold rise in almost two months.
Andreessen Horowitz partner Sarah Wang stated that Character.AI is drastically and quickly advancing generative AI, which has the potential to change not only how people interface with AI but also how we interact with technology in general in their daily lives.