Mmastodon TechnologyAI first seen 18 h ago, last 18 h ago, peak #3
Character.AI files for bankruptcy, sells assets to Disney
Original: Is the bubble starting to burst? I want to be cautiously optimistic. https://www. reuters.com/legal/litigation/c haracte
Character.AI has filed for bankruptcy and agreed to sell some of its assets to Disney for $20 million, according to a Reuters report. The news is fuelling debate about whether the generative AI investment bubble is starting to deflate. Some observers welcome the collapse of AI companies as a healthy correction, while others remain cautiously optimistic about the sector's longer-term prospects despite signs of financial strain.
Why now: A high-profile AI company going bankrupt is being read as a signal that the AI bubble may be bursting.
Evidence
- Is the bubble starting to burst? I want to be cautiously optimistic. https://www. reuters.com/legal/litigation/c haracterai-files-bankruptcy-agrees-sell-some-assets-disney-20-million-2026-10-13/ # AI # aGoodAICompanyIsADeadAICompany # NoAI · David@setouchi.social · 1
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