posted in Technology
Character.ai has initiated voluntary Chapter 11 bankruptcy
cross-posted from: https://feddit.online/c/tech@piefed.world/p/2026105/character-ai-has-initiated-voluntary-chapter-11-bankruptcy
blog.character.ai/an-update-on-character-ai/
Replying to @Beep@feddit.online
It might be happening finally. All it takes is one domino that’s just big enough to knock over the next one…
Replying to @Lettuceeatlettuce@lemmy.ml
The CEO and most of the staff left the company to work for Disney. The company was run by a skeleton staff and they ran out of money is all.
Replying to @jsnfwlr@lemmy.ml
Yeah…and I suppose they all hauled ass out of there because their company was doing so incredibly well and they felt super optimistic about the near future?
Also, if you can’t make a chatbot BF/GF company profitable, that’s a pretty damning signal for the industry as a whole, certainly from an end-user perspective.