Character.AI Files for Bankruptcy as Disney Bids $20 Million—And Users Get Grief Resources
The chatbot app once valued at $1 billion is up for sale in a Delaware court, two weeks after launching new models. If nobody buys it, it shuts down.
AI summary
Character.AI, a chatbot app once valued at $1 billion, has filed for bankruptcy in Delaware and is up for sale, with Disney reportedly bidding $20 million. The company launched new models just two weeks before the filing, and if no buyer emerges, it will shut down. This is a negative development for the AI startup sector but has no direct impact on cryptocurrency markets, as no crypto assets are involved.
Impact
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Conviction
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