AIThe Vergeabout 2 hours ago
Character.AI Files Bankruptcy After Five Years
2 min read
Interactive chatbot platform Character.AI filed for Chapter 11 bankruptcy on Monday, five years after launch, citing legal and operational headwinds. Disney serves as the lead bidder, offering $20 million for assets and a nonexclusive IP license. The sale process aims to complete by late November or early December. Former CEO Karandeep Singh Anand will lead transition services.
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