Character.AI has filed for Chapter 11 bankruptcy in the US and lined up Disney as the first bidder for some of its assets, the company said on Monday. The AI chatbot platform, owned by Character Technologies, filed in a federal court in Delaware. It plans to sell all or most of its assets through the court. […]
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Character.AI filed for Chapter 11 to pursue a sale, while Disney offered $20 million for a licence to certain assets.
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Character.AI, one of the first breakout startups of the generative AI boom, has filed for bankruptcy and is selling some of its assets to Disney. The company, which…
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