Disney Offers $20M For Character.AI Assets As Startup Files For Chapter 11 Bankruptcy Protection

After hiring Character.AI’s former CEO as its chief technology officer, Disney is looking to acquire assets from the 5-year-old startup as it files for Chapter 11 bankruptcy protection. The company, which allows users to create and interact with AI-generated avatars, said it made the filing in U.S. Bankruptcy Court for the District of Delaware. It […]

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