Report
Character.AI files for Chapter 11 bankruptcy, agrees to sell some assets to Disney for $20 million
Character.AI says it intends to keep operating while it completes the sale, Reuters reports.
TLDR
Reuters reports that Character.AI said it had filed for Chapter 11 bankruptcy in the US and agreed to sell some assets to Walt Disney for $20 million. The AI entertainment platform said it intends to continue operating as it completes the sale.
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