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Character.AI filed for Chapter 11 bankruptcy in the US, agreeing to sell assets to Disney for $20 million. Disney is designated as the primary bidder with this offer serving as the minimum auction price, allowing other parties to bid higher. The company will maintain operations during the disposal period, with a contingency plan to shut down if no full platform buyer emerges. The transaction is expected to close between late November and early December 2026, reflecting broader commercialization challenges in the chatbot industry.
Character.AI filed for Chapter 11 bankruptcy in the US, agreeing to sell assets to Disney for $20 million. Disney is designated as the primary bidder with this offer serving as the minimum auction price, allowing other parties to bid higher. The company will maintain operations during the disposal period, with a contingency plan to shut down if no full platform buyer emerges. The transaction is expected to close between late November and early December 2026, reflecting broader commercialization challenges in the chatbot industry.
Hollywood studios Disney Universal and Warner Bros sued Midjourney for copyright infringement Midjourney countersues demanding studios disclose internal AI use details arguing it proves AI is industry norm Studios lawyer calls it a fishing expedition The battle over discovery scope will set key precedent for AI training data and copyright in film
Hollywood studios Disney Universal and Warner Bros sued Midjourney for copyright infringement Midjourney countersues demanding studios disclose internal AI use details arguing it proves AI is industry norm Studios lawyer calls it a fishing expedition The battle over discovery scope will set key precedent for AI training data and copyright in film
NetEase subsidiary YiDao begins internal testing of an AI knowledge base product targeting Google NotebookLM. It emphasizes precise sourcing to counter AI hallucination and multi-format document support. The move aims to solidify its position in high-frequency office and research scenarios.
NetEase subsidiary YiDao begins internal testing of an AI knowledge base product targeting Google NotebookLM. It emphasizes precise sourcing to counter AI hallucination and multi-format document support. The move aims to solidify its position in high-frequency office and research scenarios.
