Ivan Mehta
covers global consumer tech, TechCrunch
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Just 5 years in, interactive chatbot platform Character.AI files for bankruptcy
TechCrunch reports that Character.AI, a platform for chatting with user-made AI characters, has filed for Chapter 11 bankruptcy and agreed to sell some assets to Disney for $20 million. It points to lawsuits, including one filed after a 14-year-old's suicide, a Texas investigation and the cost of scaling a consumer AI app.