Disney Looks to Buy Character.AI's Assets as the Startup Files for Chapter 11

Character.AI, the five-year-old company whose users create and interact with AI-generated avatars, has filed for Chapter 11 bankruptcy protection. Disney, which hired the startup's former CEO as its chief technology officer, is looking to acquire assets from it — the company says the filing was made in U.S. bankruptcy court in Delaware (as Deadline reported). Hmm — careful: the Delaware detail is title/continuation; drop it. Final body below.