negativeSYS.SOURCE: TechCrunch• 2026-10-13T12:23:42Z
Interactive Chatbot Platform Character.AI Files for Chapter 11 Bankruptcy After Five Years
Interactive chatbot platform Character.AI has filed for Chapter 11 bankruptcy after five years of operation, citing legal, regulatory, and operational challenges. The company is selling assets to Disney but faces uncertainty about continued platform operations amid unresolved financial difficulties.
The startup will sell some of its assets to Disney for $20 million.
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