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CDS Startups Andreessen Horowitz Invests Character AI

Startups

Andreessen Horowitz Invests Character AI

oguz08/04/20231 Mins read392

Andreessen Horowitz (a16z), a venture capital firm known for its blockchain-focused investments, has invested in Character AI, a chatbot startup.

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Andreessen Horowitz Invests Character AI

The Series A financing round was led by a16z, with Nat Friedman, Elad Gil, SV Angel, and A Capital among the participants. a16z was one of the largest investors in the Series A round, which reached a total of 150 million dollars in financing. With this major investment, Andreessen Horowitz’s general partner Sarah Wang will join the new venture’s board of directors. Wang said:

“If the internet was the dawn of universally accessible information, this moment in A.I. may very well be the dawn of universally accessible intelligence. We are at the iPhone moment of A.I. Like mobile and the internet, the A.I. revolution starts with the consumer.”

The AI platform plans to save the funds raised for use in the hyper-growth phase.

About Character AI

With the popularization of artificial intelligence, many artificial intelligence projects have entered our lives. The new AI project is a chatbot created by former Google employees Noam Shazeer and Daniel Freitas.

The startup has created AI character models of many famous people, including fictional characters such as Elon Musk, Mark Zuckerberg, Michael Jackson, and Tony Stark. These characters can respond to users as fictional characters. The chatbot is currently in Beta and has responded to more than 2 million users so far.

The Rise of Artificial Intelligence

With the introduction of ChatGPT developed by OpenAI, Artificial Intelligence technology has become very popular. Companies using blockchain technology have created brand-new projects by combining this technology with artificial intelligence. With the emergence of new projects, AI tokens were created. These tokens are increasing their popularity day by day.

According to reports by researchers, the value of the artificial intelligence sector exceeded 136.6 million dollars in 2022. This figure is projected to reach $196 billion in 2023.

Many believe that the combination of AI technology with blockchain technology will provide unprecedented transparency, accountability, and analytics.

References

www.decrypt.co

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Written by

oguz

The author is a political science and public administration student at Kocaeli University. He is also studying Management Information Systems at Anadolu University. He met Blockchain technology and Cryptocurrencies for the first time in 2019. Interested in cryptocurrencies for over 2 years. In addition he provides E-commerce and social media marketing services.

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