Entertainment · 2 views
Disney Readies $20 Million Bid for Character.ai Assets After Chatbot Company Files for Bankruptcy
The entertainment giant previously sent the AI platform a cease-and-desist letter over unauthorized character use and then hired its former CEO Karandeep Anand last month Character.ai filed for Chapter 11 bankruptcy late Monday in an…
Summary
The entertainment giant previously sent the AI platform a cease-and-desist letter over unauthorized character use and then hired its former CEO Karandeep Anand last month Character.ai filed for Chapter 11 bankruptcy late Monday in an effort to “facilitate a value-maximizing sale” of its assets, with Disney readying a $20 million bid for a “non-exclusive perpetual license” of certain IP.
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