Character.ai Files For Bankruptcy, Citing Costs and Litigation

T1Covered by 1 source · first reported by The Information (teasers) at 13 Oct, 21:04 UTC

Character.ai, a five-year-old startup that lets users create and interact with AI-powered personas, on Monday said it filed for Chapter 11 bankruptcy after encountering “significant legal, regulatory, and operational headwinds.” The startup said Disney, which will serve as the initial bidder in ...