Marc Andreessen’s venture capital firm Andreessen Horowitz has led an investment of more than $200mn into generative artificial intelligence chatbot company Character.ai, marking the early internet pioneer’s first significant foray into the booming sector.
The investment of between $200mn-$250mn values the company at about $1bn, according to multiple people with knowledge of the deal terms.
Character.ai uses large language models — the technology that underlies chatbot ChatGPT — to generate conversation in the style of various characters, including Tesla chief executive Elon Musk and Nintendo character Mario, from user prompts.
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