Disney Agrees to Absorb Most of Character.AI Workforce
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Original source:techcrunch.com
Key Takeaways
- Disney commits to hiring at least 60 former Character.AI employees.
- The agreement follows the chatbot startup's recent bankruptcy filing.
- The arrangement functions as a stalking horse bid, subject to higher offers.
Following the recent bankruptcy filing of the interactive chatbot venture Character.AI, media giant Disney has stepped forward with an agreement to offer positions to a large portion of the startup's personnel. Court documents indicate that Disney plans to extend job opportunities to at least sixty team members, backed by a substantial annual payroll.
While the arrangement provides a secure transition for the affected technologists, it currently stands as a preliminary stalking horse bid, meaning competing firms still have an opportunity to present superior proposals before final approval.
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