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Character.ai Files For Bankruptcy, Disney Bids $20 Million
Original: Character.ai Files For Bankruptcy—Disney Bids $20 Million After Copyright Dispute
AI chatbot company Character.ai has filed for bankruptcy, and Disney has submitted a $20 million bid tied to an ongoing copyright dispute between the two companies. The filing marks a dramatic turn for the startup, which let users converse with fictional and celebrity-inspired characters. The reported bid suggests Disney may be seeking to acquire assets involved in the dispute, though details of the bankruptcy proceedings remain limited.
Why now: The unusual combination of a bankruptcy filing and a bid from Disney amid a copyright fight is drawing wide attention.
Evidence
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