Character.AI Files for Bankruptcy Weeks After Disney Hired Its Former CEO

Character.AI has filed for bankruptcy and is currently seeking a buyer. This move follows Disney hiring the company's former CEO. Disney has already offered $20 million to acquire the rights to some of the controversial AI company's assets. The firm is now in the process of seeking a purchaser while Disney considers the $20 million acquisition of specific assets. This financial collapse occurs shortly after the leadership transition involving the former CEO moving to Disney.