Character.AI Gave Up on AGI. Now It’s Selling Stories
1 min read
Summary
AI chatbot provider Character.AI has seen its two cofounders move to Google’s AI division after the company was licensed for $2.7bn.
The company has suffered a lawsuit this year after a teen committed suicide using a chatbot.
The company has 20 million monthly users who spend 75 minutes a day on the platform.
It makes revenues of over 30mandisexpectedtomake50m by the end of the year.
CEO Karandeep Anand has sought to refocus the company on being an “AI entertainment” company, rather than a provider of companion chatbots, following the lawsuit.
The company has also shifted to using open-source models, including Alibaba’s Qwen and Meta’s Llama, rather than building its own.
