Character.AI cited high costs and potential legal liabilities in a filing detailing Disney's $20 million bid for some of its assets.
Disney expects to spend about $180m over three years on the Character.AI staff it is hiring, a bankruptcy court filing shows. The sum covers pay and retention. Character Technologies, which runs...
The entertainment giant hopes to get trust and safety tech, among other IP, from a startup whose chatbots dozens of states allege encouraged minors to self-harm and kill their parents.
Disney is offering $20 million to license Character.AI’s software for training and running AI models. The bancrupt company's chatbot service still needs a buyer to stay online.
The filing also says that the "vast majority" of Character.AI employees who were offered jobs at Disney accepted them. However, this is a stalking horse bid, so another company could come forward...
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