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From The Economic Times

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Character.AI files for bankruptcy, agrees to sell some assets to Disney for $20 million

Character.AI files for bankruptcy, agrees to sell some assets to Disney for $20 million

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Character.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney for $20 million. The AI entertainment platform said it intends to continue operating as it completes the sale.

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