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Disney Offers $20M for Character.AI Assets as Startup Files for Chapter 11 Bankruptcy

Character.AI has filed for Chapter 11 bankruptcy protection in Delaware, and Disney has made a $20 million bid for the chatbot company's assets after hiring its former CEO as chief technology officer.

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Character.AI has filed for Chapter 11 bankruptcy protection in Delaware, and Disney has made a $20 million bid for the chatbot company's assets after hiring its former CEO as chief technology officer.

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