An avalanche begins with a single snowflake

May most if not all ai companies go bankrupt

And no one was held accountable

Good riddance

Good. Go away.

Google-Tied AI Startup Once Valued at a Billion Dollars

This is what we call a "market correction".

So it begins.

The people who want to use a roleplay chatbot, and the people who are comfortable with their chat being in the cloud, probably makes a very poor venn diagram. Things like Sillytavern ate their lunch before it even got off the ground. No idea what (non-hype) investors excepted

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.