Character's AI got $68M and is now a unicorn, KREAM got $20M to sell fancy stuff and web3 startups got $25B to decentralize everything. Meanwhile, we're still waiting for our AI overlords to bring us coffee and more.

Mozilla announced that it will be focusing its AI efforts on OpenAI's founding mission: to ensure that AI technology benefits humanity as a whole. This shift is driven by concerns over the potential negative impacts of AI, such as bias and job displacement. Mozilla's AI team will focus on developing AI systems that are transparent, explainable, and accessible to everyone. The team will also work on initiatives to promote AI literacy and awareness.

Reseller KREAM, which specializes in buying and reselling luxury goods, has raised $20 million in a Series A funding round led by BOND. The funding will be used to expand KREAM's operations and to improve its tech platform for buying and reselling pre-owned luxury items. KREAM's app allows customers to buy and sell luxury goods with just a few taps.

Character, a UK-based AI company specializing in natural language processing, has raised $68 million in a funding round led by Index Ventures. The funding will be used to expand the company's offerings and to help it enter new markets. Character's AI tools are used by businesses to improve customer service and automate repetitive tasks. With this funding, Character has become the latest AI unicorn, with a valuation of over $1 billion.

Venture capital firm Y Combinator topped the list of the most active investors in web3 startups in 2022, according to a report by Shima Capital. The report also found that the amount of venture capital invested in web3 companies increased by 150% from 2021 to 2022, reaching $25 billion. Other top investors included Andreessen Horowitz, Sequoia Capital, and Polychain Capital. Web3 startups focus on decentralized, blockchain-based technologies such as NFTs, DeFi, and DAOs.

As the use of AI in business grows, so does the need for AI regulation. However, the lack of clear guidelines and the fast-evolving nature of the technology make it challenging to create comprehensive regulations. Businesses need to proactively manage the risks associated with AI while balancing the benefits.

Transparency, accountability, and ethical considerations are crucial factors to consider in creating AI regulations. The collaboration between businesses, policymakers, and regulators is essential in creating a regulatory framework that fosters innovation while protecting consumers and society.