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Google-Tied AI Startup Once Valued at a Billion Dollars Declares Bankruptcy: Character.AI, the once-buzzy chatbot startup that faced lawsuits over the deaths of minors, has declared bankruptcy. (futurism.com)
submitted 3 weeks ago by to c/technology@lemmy.world
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[–] [S] 57 points 3 weeks ago (2 children)

The founders got their Google exit, investors got their hype cycle, Disney gets the leftovers, and families get the consequences. Character.AI managed to automate companionship, monetize next to nothing, and somehow make bankruptcy look like the least disturbing part of its business model.

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  • [–] 2 points 3 weeks ago* (last edited 3 weeks ago)

    Its a race to beat Kevin O'Leary's terrible fuckover of Mattel when he sold his dot com bubble scam to them.

    They paid 4 billion (7+ billion adjusted for inflation) and 16 months later sold it for $0 and still took hundreds of millions in losses. lol

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