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Character.AI files for bankruptcy amid torrent of legal problems, agrees to sell some assets to Disney for $20M
Source: nypost.com
Artificial IntelligenceLegal & LitigationMedia & EntertainmentM&A & Restructuring
A potential Disney deal with Character.AI comes roughly a year after Disney sent the AI company a cease-and-desist letter. Disney alleged Character.AI used its iconic characters for “grooming and sexual exploitation” and “emotional manipulation”; the article provides no deal terms or outcome.
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