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Disney buys Character.ai assets for $20 million in bankruptcy deal

Original: Disney strikes $20-million deal for Character.ai's assets as AI startup files for bankruptcy

Disney has agreed to pay $20 million for the assets of AI chatbot startup Character.ai, which has filed for bankruptcy. The deal hands Disney rights to the company's technology and other holdings as the once-hyped conversational AI venture winds down, a notable comedystate for a startup that helped popularise AI companions.

Why now: The sale of a high-profile AI startup's assets to Disney is a major development in the fast-shifting AI industry.

DisneyCharacter.ai

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