Gizmodo
Character.AI Files for Bankruptcy Weeks After Disney Hired Its Former CEO
The AI company is now seeking a buyer, with Disney already offering $20 million for rights to some of its assets.
Via Gizmodo
·Excerpt
Disney poached Character.AI’s former CEO to lead its tech efforts just weeks ago. Now, the media giant is making a bid for rights to some of the controversial AI startup’s assets.
Character.AI announced late Monday night that it had filed for Chapter 11 bankruptcy protection to pursue a court-supervised sale of all or substantially all of its assets. Disney has agreed to serve as the initial bidder, offering $20 million for a non-exclusive, perpetual license to certain Character.AI intellectual property…
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