CosmicTaco

Character.ai Shifts Focus to Consumer Products Post $2.7bn Google Deal

CosmicTaco · 2024-10-02T23:20:14.836432+05:30

- Character.ai is pivoting from building AI models to enhancing its consumer products following Google's $2.7bn deal. - The company's new interim CEO, Dominic Perella, revealed that the focus will now be on their popular chatbots. - This decision comes after Google hired 20% of Character.ai's staff, including co-founders Noam Shazeer and Daniel De Freitas. - With the funds from the Google deal, Character.ai bought out its investors and distributed company ownership among employees. - The company plans to continue AI research and is hopeful of avoiding antitrust concerns. Source: [Financial Times](https://www.ft.com/content/f2a9b5d4-05fe-4134-b4fe-c24727b85bba)

Character.ai is pivoting from building AI models to enhancing its consumer products following Google's $2.7bn deal.
The company's new interim CEO, Dominic Perella, revealed that the focus will now be on their popular chatbots.
This decision comes after Google hired 20% of Character.ai's staff, including co-founders Noam Shazeer and Daniel De Freitas.
With the funds from the Google deal, Character.ai bought out its investors and distributed company ownership among employees.
The company plans to continue AI research and is hopeful of avoiding antitrust concerns.

Source: Financial Times