Character.AI Files for Chapter 11 Bankruptcy and Agrees $20M Asset Sale to Disney

Character.AI, an AI character creation platform, has filed for Chapter 11 bankruptcy after operating for five years. The company is selling some of its assets to Disney for $20 million in a non-exclusive perpetual license deal. Character.AI's asset and liability range between $50 million and $100 million.

Sources

• AI Insider — Character.AI Files for Chapter 11 Bankruptcy and Agrees $20M Asset Sale to Disney

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