AIWall Street Journalabout 2 hours ago
Character.ai Files for Chapter 11 Bankruptcy
2 min read
Character.ai filed for Chapter 11 bankruptcy Monday, valued at $1 billion USD. Disney Worldwide Services agreed to pay $20 million for an intellectual property license. Monthly operating expenses reached $18.5 million USD in 2025, while December 2025 revenue was only $2.8 million.
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