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Disney Circles Character.ai as Chatbot Firm Files for Bankruptcy
Original: Disney Circles Character.ai as Chatbot Company Files For Chapter 11 Bankruptcy
Character.ai has filed for Chapter 11 bankruptcy, and Disney is reportedly weighing a move to acquire the AI chatbot company. A deal would give Disney control of a platform known for conversational AI characters, as major media companies compete to secure artificial intelligence technology. Details on pricing or the likelihood of a bid have not been confirmed.
Why now: A high-profile AI startup's bankruptcy combined with Disney's potential interest has made the possible acquisition a major tech and media story.
Evidence
- Disney Circles Character.ai as Chatbot Company Files For Chapter 11 Bankruptcy · The Hollywood Reporter
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