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 […]
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on deadline.com — the content belongs to Deadline.