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Keep calm and call clone with Rustjust now IMF Warns AI Market Correction Could Trigger Global Financial Turmoil37m ago Russia is copying cruise missile tech onto its $50,000 drones to deal with Ukraine's jamming49m ago Tata Chair Defends Nation-Building Bets Over Short-Term Returns1h ago Arms agency to accelerate development of nuclear-powered subs, AI-driven combat systems1h ago For Women In AI, What The Grace Hopper Celebration Cancellation Means1h ago ‘Please pray for us’ says Sridhar Vembu as Zoho skips pay hikes amid rising AI costs2h ago AI models may soon self-replicate without access to data centers, Anthropic warns2h ago AI worms and 'digital slime mold': Welcome to the next AI nightmare fuel2h ago IMF Chief Alarmed at ‘Slow-Moving Tsunami’ of AI for Jobs, Taxes2h ago Character.AI files for bankruptcy, agrees to sell some assets to Disney for $20 million2h ago Banking watchdogs ramp up AI scrutiny as stability fears mount, sources say2h ago AI Personas As Therapists Versus Clients Shed New Light On Improving AI-Powered Mental Health Guidance2h ago Paramedics experiment with AI note-taking tool2h ago

Business & Enterprise Public Sector4 min reading time

Character.AI Files for Chapter 11 with Disney Stalking Horse Deal

Covered by 2 sourcesPublished 2 hours ago

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Character.AI filed for Chapter 11 bankruptcy on October 12, 2026, seeking to sell its assets with Disney Worldwide Services as the stalking horse bidder in a $20 million deal. The company will continue operating during the sale process, supported by transition services from former employees now hired by Disney.

Covered by 2 sources

#bankruptcy-proceedings #character-ai #character-technologies-inc #disney-worldwide-services-inc #karandeep-anand #walt-disney-company

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