Character.AI, which offers AI chatbot companions to users, has filed for bankruptcy and has agreed to sell certain assets to a Disney company.
The AI platform filed a voluntary petition for Chapter 11 bankruptcy on Oct. 12, listing an estimated $50 million to $100 million in assets and liabilities and between 100 and 199 creditors. The decision was taken to enable a “value-maximizing sale of all or substantially all” of the company’s assets, Character.AI said in an Oct. 12 statement.
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