AIDecryptabout 1 hour ago
Character.AI Files Bankruptcy After Disney Bid
5 min read
Character.AI files for Chapter 11 bankruptcy on October 12, seeking a court-supervised sale. Disney Worldwide Services bid $20 million for a non-exclusive perpetual license to the startup's intellectual property. The company expects the sale to close in late November or early December, with the platform potentially winding down if no buyer keeps it running.
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