Set Trending Topics as a preferred source on Google.
From A.I. high-flier to bankruptcy case in just five years: Character.AI, one of the first big A.I. start-ups of the ChatGPT era, has filed for Chapter 11 bankruptcy protection in the United States. At the same time, the company has agreed to sell some of its assets to Disney for $20 million (about €18 million), the news agency Reuters reported.
Disney Sets the Opening Bid
Character.AI said it has started a formal sale process under the supervision of the bankruptcy court. Disney is set to act as the so-called stalking horse bidder: Its offer sets the floor, and other interested parties can still submit higher bids. According to the trade site Unite.AI, Disney would receive a…