graveyardWTF 6.7via TechCrunch AI
Just 5 years in, interactive chatbot platform Character.AI files for bankruptcy
"From a $5B valuation to a $20M Mickey Mouse fire sale."
Explain Like I'm Normal
In a shocking fall from grace, the leading role-play chatbot platform Character.AI has filed for bankruptcy just five years after launch. The company is liquidating its assets and selling its core tech stack to Disney for a mere $20 million. This highlights the massive burn rate and monetization struggles facing even the most viral consumer AI startups.
#characterai#bankruptcy#disney#exit
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