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    Character.AI reportedly files Chapter 11, with Disney the $20M stalking-horse bidder for a non-exclusive IP license

    A post says Character.AI remains operational during the sale but will shut down if no buyer keeps it running.

    2 Sources, 18h ago, first seen 18h ago

    TLDR

    A post says Character.AI filed Chapter 11 and identifies Disney as the $20 million stalking-horse bidder for a non-exclusive IP license. It says the service will stay online during the sale but shut down if no buyer keeps it running, and describes lawsuits over chatbot harms as a key factor.

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    2 Sources, first seen 18h ago

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    2 Sources, first seen 18h ago

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    2 Sources

    Ermiya Labs@ErmiyaBMhttps://Character.AI filed Ch. 11. Disney is the $20M stalking-horse bidder for non-exclusive IP license. Stays up during sale, shuts if no buyer keeps it running. Lawsuits over chatbot harms were key. First major companion AI collapse?18h
    Random Llama@Beast_Llama_Google paid $2.7B to license https://Character.AI's models in 2024. Now it's in Chapter 11 and Disney is bidding $20M for the pieces. A judge also ordered OpenAI to give Apple its interview scripts. #AI news, my take: https://randomllama.dev/blog/character-ai-bankrupt-apple-openai-meta-muse-wonder13h
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    2 Sources

    Ermiya Labs@ErmiyaBMhttps://Character.AI filed Ch. 11. Disney is the $20M stalking-horse bidder for non-exclusive IP license. Stays up during sale, shuts if no buyer keeps it running. Lawsuits over chatbot harms were key. First major companion AI collapse?18h
    Random Llama@Beast_Llama_Google paid $2.7B to license https://Character.AI's models in 2024. Now it's in Chapter 11 and Disney is bidding $20M for the pieces. A judge also ordered OpenAI to give Apple its interview scripts. #AI news, my take: https://randomllama.dev/blog/character-ai-bankrupt-apple-openai-meta-muse-wonder13h
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