Character.ai said it has filed for Chapter 11 bankruptcy protection, with its chief executive attributing the chatbot provider’s financial problems to “significant legal, regulatory and operational headwinds.”

The company said it will continue operating as it seeks to sell its business, and added that The Walt Disney Co. has agreed to pay $20 million for a non-exclusive, perpetual license to Character.ai’s intellectual property.

  • VerilyFemme@lemmy.blahaj.zone
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    4 days ago

    Going to say right now that this should not have existed in the first place, that way I’m not mincing words.

    I wonder if this will lead to noticeably higher suicide rates among users of the app? I remember when they just slightly changed how the characters talk to users and people acted like their grandma got shot.