For the first time in almost 7 years, Quora actively seeks money. Andreessen Horowitz (a16z) invested $75 million in Quora, which will go for expanding Quora AI Chatbot, Poe.
All you need to know about Quora AI Chatbot Poe
When compared to other AI chatbots, what makes Quora so special? Quora is trying to increase its share of the creator economy with AI chatbots. So, instead of depending on YouTube ad money, producers can focus on engaging AI bots to make ends meet.
The majority of the funds will likely go toward compensating the authors of bots on Quora through their creator monetization program, which was recently introduced, according to Quora CEO Adam D’Angelo’s statement.
This creator monetization proposal for Poe was established in October by Quora. It enables users to earn money by creating bots or prompts on Poe. Anyone can make good money by building bots that work with the Poe AI.
What’s for creators?
With this large fundraising effort, Quora can entice skilled coders to Poe with the prospect of financial reward. It demonstrates the company’s bold commitment to creators. In addition, Poe compiles many text and image AI models, such as DALL-E 3, ChatGPT, Llama, Stable Diffusion, Claude 2, and many more. It provides a veritable playground for designers.
At its most recent round of venture capital funding in 2017, Quora had a valuation of around $1.8 billion. However, compared to its last financing, Quora’s most recent valuation of $500 million is significantly lower.
According to D’Angelo, who attributed the shift to enhancing interest rates and the price of capital. However, the market conditions have changed significantly over the past 2 years. Quora is pleased to have finally broken into this market. However, our valuation is lower than we were at our height.