Disney bids $20M to license Character.AI's chatbot technology

Disney has offered $20 million to license software from bankrupt chatbot company Character.AI, covering AI training and operating tools but excluding its app and user chats. Character.AI filed for Chapter 11 bankruptcy in Delaware on October 12 and needs a buyer to keep its service running.

• Disney has already paid $7.5M of the $20M, with the rest due at closing
• License excludes Character.AI's app, user chats and ready-made models
• Character.AI filed for Chapter 11 bankruptcy on October 12
• Bid deadline is November 20, auction November 23