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Beep@feddit.online to Community moved to !tech@feddit.online@piefed.worldEnglish · 1 month ago

Character.ai has initiated voluntary Chapter 11 bankruptcy

blog.character.ai

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Character.ai has initiated voluntary Chapter 11 bankruptcy

blog.character.ai

Beep@feddit.online to Community moved to !tech@feddit.online@piefed.worldEnglish · 1 month ago
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An Update on Character.ai
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Today, we’re sharing that Character.ai has initiated a voluntary Chapter 11 bankruptcy process to facilitate a court-supervised sale of the company.  Over the past year, we’ve taken meaningful steps to sustain and improve our business amid significant legal, regulatory, and operational headwinds. After a comprehensive review
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