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Disney's Strategic Move: Hiring Character.AI's Workforce Amid Bankruptcy and Technology Licensing Deals

Disney's Strategic Move: Hiring Character.AI's Workforce Amid Bankruptcy and Technology Licensing Deals

Disney offers jobs to 60 bankrupt Character.AI staff
Disney offers jobs to 60 bankrupt Character.AI staff

Character.AI cited high costs and potential legal liabilities in a filing detailing Disney's $20 million bid for some of its assets.

Disney to spend $180M on Character.AI staff over three years, filing shows
Disney to spend $180M on Character.AI staff over three years, filing shows

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...

Disney Asked Character.AI to Go Bankrupt for a Get-Out-of-Lawsuits Card
Disney Asked Character.AI to Go Bankrupt for a Get-Out-of-Lawsuits Card

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 Bids $20 Million to License Bancrupt Character.AI’s Chatbot Technology
Disney Bids $20 Million to License Bancrupt Character.AI’s Chatbot Technology

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.

Disney agrees to hire the majority of Character.AI’s workforce
Disney agrees to hire the majority of Character.AI’s workforce

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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