Only five years into its journey, Character.AI, which lets users create AI characters and have conversations with them, has filed for Chapter 11 bankruptcy, following a slew of lawsuits and struggles to scale its popular platform. Ina court document, the company said it had assets and liabilities between $50 million and $100 million.
Disney has hired its first-ever chief technology officer and in a curious twist, the new executive hails from an AI startup that the Magic Kingdom previously accused of infringing on its IP.
