Google in talks to invest in AI startup Character.AI

Nov 13, 2023 ·

Google is in talks to invest in innovative AI startup CharacterAI, according to sources. The company has been developing technology that uses natural language processing to extract key insights from text and data. The move comes as a part of Google's continued commitment to developing its presence in the artificial intelligence marketplace.

CharacterAI was founded in 2018 by CEO Yilin Wang, who formerly worked at Apple and Microsoft. The startup focuses on automating knowledge extraction using deep learning models. It applies natural language processing to help companies understand documents, contracts, and reports more quickly. The technology could be used to uncover important facts related to healthcare, finance, legal issues, and more.

The investment would be part of a larger funding round that would give CharacterAI the resources to further develop its technology and grow its team. The funds would also allow the company to expand into other areas such as customer service and virtual assistant bots.

The potential investment is indicative of how big tech companies are increasingly interested in investing in the AI space. Companies like Google, Facebook, and Amazon are all vying to be at the forefront of AI and machine learning, both to power their own products and services and to gain insight into the industry. CharacterAI is one of several startups that could benefit from this trend.

If the investment goes through, it would demonstrate Google's commitment to advancing AI technology. In addition, it could provide a windfall for CharacterAI and its co-founders. As the AI space continues to evolve, investments like these will become increasingly important for startups looking to make their mark on the technology landscape.