Disney to Acquire Character.AI Workforce and IP Amid Bankruptcy

codeWithPrashant

2h ago

Disney to Acquire Character.AI Workforce and IP Amid Bankruptcy Disney has agreed to hire between 60 and 66 employees from Character.AI, with an estimated annual compensation of $60 million. This move comes as Character.AI filed for Chapter 11 bankruptcy, citing high operating costs, regulatory pressures, and lawsuits related to child safety and alleged harm to teenagers. Disney also placed a $20 million "stalking horse" bid for a non-exclusive, perpetual license to certain Character.AI intelle...Read more