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Chatbot startup Character.AI files for bankruptcy, and Disney is first in line for key assets

Source: businessinsider.com

Artificial IntelligenceM&A & RestructuringCompany Fundamentals
Chatbot startup Character.AI files for bankruptcy, and Disney is first in line for key assets

Character.AI filed for Chapter 11 bankruptcy and is pursuing a court-supervised sale. Disney offered $20 million to license certain assets, but other bids could prevail; no final sale outcome was reported.

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