Character.AI Files Chapter 11: How a 20-Million-User Chatbot Star Ran Out of Cash
Character.AI, the roleplay chatbot platform that spent five years turning conversational AI into mass entertainment, has filed for Chapter 11 bankruptcy protection in the United States. Its operating company, Character Technologies, Inc., lodged a voluntary petition with the U.S. Bankruptcy Court for the District of Delaware on 12 October 2026, reporting between $50 million and … Read more