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● LIVE Updated 3h ago · 11 sources tracked

Character.AI moves ahead with asset sale over states' objections

A US bankruptcy judge has allowed Character.AI to proceed with a sale of its assets, despite objections from state attorneys general. The company had agreed to sell its assets to Disney. State AGs from 39 states and DC had expressed concerns over user data protection and privacy.

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  • ✓ Character.AI's asset sale was approved by a US bankruptcy judge.
  • ✓ 39 states and DC objected to Character.AI's asset sale over data protection concerns.
  • ✓ Character.AI had agreed to sell its assets to Disney.
  • ✓ The Department of Justice raised privacy concerns over the potential sale of Character.AI chats.
🛡️ Source Corroboration: 11 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

A US bankruptcy judge approved Character.AI's bidding procedures, allowing the asset sale to proceed over state objections.

Live updates

  1. Character.AI asset sale approved over state objections

    A US bankruptcy judge has allowed Character.AI to proceed with a sale of its assets, despite objections from state attorneys general. The company had agreed to sell its assets to Disney. State AGs from 39 states and DC had expressed concerns over user data protection and privacy.

    Why it matters

    Character.AI is a chatbot platform that has faced scrutiny over its data handling practices. The company's asset sale has been contentious, with state attorneys general arguing that the process favors Disney and does not adequately protect user data. The sale has significant implications for the AI industry and data privacy regulations.

    What is confirmed

    • Character.AI's asset sale was approved by a US bankruptcy judge.
    • 39 states and DC objected to Character.AI's asset sale over data protection concerns.
    • Character.AI had agreed to sell its assets to Disney.
    • The Department of Justice raised privacy concerns over the potential sale of Character.AI chats.

    Still unconfirmed

    • Character.AI may not adequately protect user data.

    What to watch next

    • Character.AI's implementation of data protection measures
    • Regulatory scrutiny of AI companies' data handling practices
    • The outcome of Character.AI's asset sale to Disney
    Sources used for this update (12)
    1. Reuters — Character.AI moves ahead with asset sale over states' objections
    2. Quartz — Judge urges Character.AI to hire a privacy expert in its Disney bankruptcy deal
    3. PPC Land — 39 states and DC say Character.ai user data needs a privacy ombudsman
    4. Idaho Office of Attorney General (.gov) — AG Labrador Demands Data Protections for Idahoans in Chatbot Corporate Bankruptcy
    5. Yahoo News Canada — The AI bubble could expose your deepest secrets
    6. The Record from Recorded Future News — DOJ raises privacy concerns over potential sale of Character.AI chats
    7. PPC Land — Character.ai rewrites Disney sale notice after 39 states and DC object
    8. elderofziyon.blogspot.com — 10/31 Links: The forgotten Egypt terror attack and its tragic fifth victim; Ex-UN official; UN's Israel obsession sidelines atroci....
    9. dailyaibrief.com — Judge Lets Character.AI Asset Sale Proceed Over State ...
    10. financetime.org — Character.AI moves ahead with asset sale over states ...
    11. www.thatwastheweek.com — The End? The Beginning? - by Keith Teare
    12. geopoliticspulse.com — Character.AI moves ahead with asset sale over states ...
    confidence 85%
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