Character.AI owes Google and Big Law firms nearly $7M, court filings show
Source: Business Insider ·
Character.AI filed for Chapter 11 bankruptcy protection on Monday and plans to complete a court-supervised sale of the company by the end of the year.
From the source
Character.AI filed for Chapter 11 bankruptcy protection.Illustration by Algi Febri Sugita/SOPA Images/LightRocket via Getty ImagesCharacter.AI owes Google and five major law firms nearly $7 million combined, bankruptcy filings show.The AI startup, founded by former Googlers, filed for Chapter 11 bankruptcy protection this week.It owes more than $10.6 million to its 20 largest unsecured creditors, court filings show.Court filings show that artificial intelligence startup Character.AI owes nearly $7 million in combined amounts to Google and a group of Big Law firms, shedding some light on the financial strain behind the chatbot's bankruptcy.Character.AI, which lets users create personalized AI bots, filed for Chapter 11 bankruptcy protection in Delaware on Monday and plans to complete a court-supervised sale of the company by the end of the year.The AI platform's bankruptcy petition shows that it owes its 20 largest unsecured creditors more than $10.6 million, including over $4 million…