kapynStartups

Just 5 years in, interactive chatbot platform Character.AI files for bankruptcy

Character.AI files for bankruptcy after five years, selling assets to Disney for $20 million. The company’s interactive chatbot platform, once a rising AI startup, will liquidate key assets, including its proprietary model and user data, to settle debts. This marks a significant exit for a high‑profile AI venture, impacting developers relying on its APIs.

TechCrunch AI·Oct 13, 2026

Opening Kapyn…