TNW | Business
Character.AI files for bankruptcy as Disney bids $20M for some assets
The chatbot company will keep running during a court-supervised sale, which it expects to finish by early December.
Via TNW | Business
·Excerpt
Disney logo on the smartphone screen
Credit: nikkimeel / Shutterstock.com
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. Founded in 2021, the platform lets users chat with AI characters.
Disney will pay…
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