https://www.live-feeds.com/feed/character-ai-files-for-bankruptcyContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/character-ai-files-for-bankruptcyhttps://www.live-feeds.com/feed/character-ai-files-for-bankruptcy#u125312Fri, 16 Oct 2026 08:51:12 +0000Interactive chatbot platform Character.AI has filed for Chapter 11 bankruptcy after just five years of operation. Court filings in the U.S. Bankruptcy Court for the District of Delaware show the company agreed to sell some assets for $20 million, with Disney offering $20 million for certain intellectual property rights. The startup cited high costs to develop and grow the platform in its Monday filings. The court-supervised sale could determine the ultimate future of the chatbot platform.Why it mattersCharacter Technologies filed for Chapter 11 protection in Delaware on October 12, 2026. The a