Disney is investing $20 million to acquire Character.ai's technology after hiring its engineers, leaving the bankrupt platform's 12 million users abandoned.
01Summary
- 01Disney is bidding $20 million for Character.ai's technology.
- 02The deal follows Disney's hiring of Character.ai's engineers.
- 03Character.ai has filed for bankruptcy.
- 04The bankruptcy leaves 12 million users without the platform.
- 05Disney is not acquiring the platform's characters or user base.
02Why it matters
This matters because a major entertainment company is stripping a bankrupt AI platform for its engineering talent and technology, leaving millions of users stranded without service or content.
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