Disney found a way to buy Character.AI without buying its lawsuits
While some saw the fall of a chatbot platform as a harbinger for the industry, court filings indicate that the decision was actually a key part of a deal…
Ars Technica reports: While some saw the fall of a chatbot platform as a harbinger for the industry, court filings indicate that the decision was actually a key part of a deal that has let Disney hire most of Character.AI’s staff—including its now former CEO Karandeep Anand—potentially acquire most of Character.AI’s technology, and avoid the beleaguered startup’s many legal liabilities and obligations.
This week, Character.AI declared bankruptcy.
This technology story centres on the United States. Names and organisations mentioned in the coverage include Character, AI and Disney.
Why it matters
Changes in the tech sector often reach consumers quickly through the devices, apps and online services they use every day.
Key details
- Location
- United States · Americas
- Reported by
- Ars Technica
- First reported
- Key names
- Character, AI, Disney, CEO Karandeep Anand
- Section
- Technology
Sources
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