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The Verge · AI· Robert Hart·· 20 天前AI 评分67

Character.AI 申请 Chapter 11 破产保护,Disney 拟出 2000 万美元收购部分资产

Character.AI files for bankruptcy

文章要点
  • 1Character.AI 申请 Chapter 11 破产保护以推进出售,破产文件列出的估计负债为 500 万至 1 亿美元
  • 2Disney 作为首要竞购方拟支付 2000 万美元收购部分未公开资产,并获得非独占知识产权授权
  • 3Disney 刚聘用 Character.AI 前 CEO Karandeep Anand 任 CTO,并预计其技术团队部分成员加入
  • 4出售预计 11 月底或 12 月初完成,期间付费订阅照常运营,若无合适报价平台将被关闭
决策要点

这家明星创业公司的退出走的是先挖人后收资产的路径,公司主体价值与团队价值已经明显分离,公司本身不再是大厂要买的东西。

  • 影响:依赖其付费订阅的企业面临服务终止风险,需准备替代方案;行业退出形态趋向挖人加低价收资产,明星 AI 公司的独立估值逻辑承压。
  • 参考:可考虑盘点业务中依赖 Character.AI 服务的场景并评估迁移成本;谈判或投资同类公司时,值得把核心团队留存与公司存续分开评估。
  • 依据:负债区间与出售安排来自破产文件和公司官方公告;Disney 出价与用人计划为官方口径,暂无独立验证。
正文

Character.AI, one of the first breakout startups of the generative AI boom, has filed for bankruptcy and is selling some of its assets to Disney. The company, which builds various online bots for users to chat or roleplay with, has faced mounting scrutiny and lawsuits over the safety of its chatbots, but has continued releasing updates and products in recent months.

In a press release and blog post published Monday, Character said it had filed for Chapter 11 bankruptcy protection in the US to facilitate the sale of the company and its assets. “Over the past year, we’ve taken meaningful steps to sustain and improve our business amid significant legal, regulatory, and operational headwinds,” the company said.

In its bankruptcy filing, Character listed estimated liabilities between $50 million and $100 million. As part of the proposed sale, Disney would serve as the lead bidder for Character.AI’s assets, setting a baseline for competing offers. Disney would pay $20 million for certain undisclosed assets, and provide transition support “using former Company employees it has hired.” It would also receive a nonexclusive license to unspecified intellectual property.

Disney’s involvement comes shortly after the entertainment behemoth hired Character.AI’s former CEO Karandeep Anand as chief technology officer, part of its growing push into AI. Anand’s tenure as Character CEO lasted just over a year and during that time he oversaw the company’s move into microdramas. Disney has previously complained that Character was damaging its brand and exploiting its intellectual property by allowing unauthorized chatbots of its characters, including sending cease and desist letters.

Along with Anand, Disney also said it expected “a number of Character.AI’s technical team” to join the company. The move resembles a kind of “acquihire” strategy that has become increasingly common in Silicon Valley as a means of hoovering up startups’ talent that sometimes leaves the original company struggling to survive. Character.AI has survived it once already — Google spent over $2 billion to hire away much of the company’s talent, including co-founders Noam Shazeer and Daniel De Freitas, in 2024.

Character said it expects the sale process to be completed by late November or early December and plans to continue operating its services, including paid subscriptions, in the meantime. However, the company warned that “the platform will be wound down” if a suitable bid does not emerge. “As we navigate this process, maintaining a safe and engaging experience for our community remains a top priority,” it said.

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  • Robert Hart

来源:The Verge · AI · theverge.com