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Morning Edition · Wednesday, October 14, 2026Published at 2:06 AM EDT · New York
Character.AI files for Chapter 11 as Disney offers $20 million to license its intellectual property
The chatbot company that was once valued at $1 billion seeks a court-supervised sale by early December, and it will shut its platform if no buyer agrees to keep it running.
Character.AI has filed for voluntary Chapter 11 bankruptcy to run a court-supervised sale of the company, which it expects to complete by the end of November or early December 2026. The AI Post channel noted that the company once reached a…
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