Character.AI files for Chapter 11, sells some assets to Disney for $20M
SumitGup · x · 2026-10-13
Per Techmeme citing Reuters, Character.AI has filed for Chapter 11 bankruptcy in the US and agreed to sell some assets to Disney for $20M, while planning to keep operating as it completes the sale.
More from Companies & People
- Scoble: A 2018 Model 3 on HW3 Now Drives Nearly Like a Cybercab After FSD 14.3 Update — Scobleizer · 2026-10-13
- Why open source contributions are so valued: a high-agency signal founders love — jackedAJ · 2026-10-13
- Dev praises Ivan Burazin's RL and sandbox infra takes over past 6 months — dejavucoder · 2026-10-13
- Carnegie Learning Acquires AI Writing Platform Ethiqly, Serving 5.5M Students and Educators — lmoroney · 2026-10-13
- Lying is becoming more common in SF tech, says Julian Weisser — julianweisser · 2026-10-13
- TestSprite Season 4 hackathon offers $4,000 pool for AI coding agent projects — hey_abusiddik · 2026-10-13