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via finance.yahoo.comBusiness & Companies

Disney acquires Character.ai assets for $20M as AI startup files for bankruptcy

FROM THE WIRE · FINANCE.YAHOO.COM

Character.ai, a California startup that has faced lawsuits over allegations that chatbots created on its platform harmed the mental health of teens and led to copyright issues, filed for Chapter 11 bankruptcy. The Menlo Park-based company runs an app that allows people to create…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralCharacter.ai, founded by former Google engineers, files Chapter 11 bankruptcy; Disney acquires assets for $20M.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Character.ai, California startup founded by former Google engineers, files Chapter 11 bankruptcy.
  2. 02Platform faced lawsuits alleging chatbots harmed teens' mental health and copyright issues.
  3. 03Disney acquires Character.ai assets for $20 million.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Alphabet Inc.GOOGStock349.52 USDMarket closedtoday +0.16%Neutral Alphabet Inc.GOOGLStock353.78 USDMarket closedtoday +0.30%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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