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AI company once pursued by Elon Musk’s xAI and Meta files for bankruptcy, may shut down
Times of India
October 13, 2026
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Character.ai, the AI company known for its chatbots, has filed for Chapter 11 bankruptcy protection. The company aims to sell its assets with a proposed auction process led by Disney. Character.ai's board believes this method will maximize value for its stakeholders during the sale. Earlier discussi
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