Character.AI Files for Bankruptcy, Agrees to Sell Assets to Disney for $20 Million
The Character.AI bankruptcy filing is the final chapter of one of the strangest rise-and-fall stories in the AI boom. On Monday, October 12, 2026, the chatbot platform announced it had filed for Chapter 11 protection and agreed to sell some of its assets to Disney for $20 million. Two years ago, Google was paying around … Read more