Character.ai files for Chapter 11 bankruptcy

Automated excerpt

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. We hope that the sale process will yield an actionable proposal that will allow continued operations of the Character. ai platform.

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