Character.AI in Funding Talks at More Than $5 Billion Valuation

Character.AI, a startup offering chatbots that can impersonate virtually anyone or anything, is in early talks to raise hundreds of millions of dollars in new funding that could value it at more than $5 billion, according to people familiar with the matter.

Character.AI was an early darling in the field of generative artificial intelligence, and has received significant inbound interest from investors, said the people, who asked not to be identified discussing private information. The deal talks are early and could still fall apart, they said.

A spokesman for the company declined to comment on a valuation for the startup, but said ...