✉news TechnologyAI first seen 2 d ago, last 1 d ago, peak #3
Character.AI files for bankruptcy, sells assets to Disney
Original: Character.AI files for bankruptcy, to sell some assets to Disney for $20 million
AI chatbot company Character.AI has filed for bankruptcy and agreed to sell a portion of its assets to Disney in a deal reportedly worth $20 million. The transaction, first reported by NBC News, marks a sharp fall for a startup once seen as a leader in consumer AI companions. The sale is expected to transfer selected technology and assets to Disney while the company undergoes restructuring proceedings.
Why now: The bankruptcy of a prominent AI startup and its absorption by Disney is major news in the fast-moving AI industry.
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