Source Los Angeles Times · Published · Open the original ↗
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Disney strikes $20M deal for Character.ai's assets
The AI company has faced lawsuits over child safety and copyright issues involving Disney.
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Character.ai, a California startup that has faced lawsuits over allegations that chatbots created on its platform harmed the mental health of teens and led to copyright issues, filed for Chapter 11 bankruptcy.
The Menlo Park-based company runs an app that allows people to create and interact with chatbots who mimic celebrities, historical figures or other virtual characters. Founded nearly five years ago by former Google engineers, the company reached a valuation of $1 billion in 2023 as people flocked to the app for entertainment, roleplay and companionship.
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