Character.AI Files for Bankruptcy, Sells Assets to Disney
Character.AI, a chatbot company, has filed for bankruptcy. It plans to sell some of its assets to Disney for $20 million.
Quick glossaryCharacter.AI, bankruptcy, assets
- Character.AI
- A US startup known for chatbots that let users talk with AI characters they create or choose.
- bankruptcy
- A legal process for a company that cannot pay its debts, often used to reorganise or sell off parts of it.
- assets
- Things a company owns, such as technology, brands or property, that have financial value.
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