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Character.ai files for bankruptcy, citing legal and operational woes (www.cbsnews.com)

submitted 2 days ago by wjs018@piefed.social to c/fuck_ai@lemmy.world

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Character.ai said it has filed for Chapter 11 bankruptcy protection, with its chief executive attributing the chatbot provider's financial problems to "significant legal, regulatory and operational headwinds."

The company said it will continue operating as it seeks to sell its business, and added that The Walt Disney Co. has agreed to pay $20 million for a non-exclusive, perpetual license to Character.ai's intellectual property.

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[-] Saledovil@sh.itjust.works 113 points 2 days ago

Company that doesn't make money goes bankrupt. Who could have seen that coming?

[-] reddig33@lemmy.world 48 points 2 days ago

Too small to ask for a government bailout.

this post was submitted on 13 Oct 2026

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