Character.AI bankrupt, Disney makes opening bid
Character.AI, the chatbot app millions used to talk to fictional characters, filed for bankruptcy; Disney offered $20 million for its technology.
What Robyn said
Robyn, anchorCharacter.AI, where millions chat with AI characters, has filed for bankruptcy.
Robyn, anchorThat's according to its court filing in Delaware.
Robyn, reporterUnder Chapter 11, it keeps running while a court oversees its sale.
Robyn, reporterEntertainment giant Disney opened the bidding at 20 million dollars, Character.AI says.
Robyn, reporterThat buys a shared license to some technology, not the app.
Robyn, reporterThe filing blames high running costs, possible legal liabilities and regulators.
Robyn, reporterIts update warns: if such a bid is unavailable, however, the platform will be wound down.
Robyn, reporterThe sale is expected to close in late November or early December.
Sources
- The Verge AI
- TechCrunch AI
- The Decoder
- Hacker News front page
- Ars Technica AI
- 404 Media
- Reddit forum post · r/LocalLLaMA
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