Character.AI files for bankruptcy, agrees to sell some assets to Disney for $20 million

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 13 Oct, 04:47 UTC

Character.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney for $20 million. The AI entertainment platform said it intends to continue operating as it completes the sale.

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Sources

• T1Character.AI files for bankruptcy, agrees to sell some assets to Disney for $20 millionEconomic Times — Tech / Technology / Startups / ETTelecom13 Oct, 04:47