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Character.AI files for Chapter 11 bankruptcy; agrees to sell assets to Disney

Reuters 13 October 2026, 09:40 ● Covered by 4 sources

Character.AI filed for Chapter 11 bankruptcy and agreed to sell some assets to Disney. The reported sale price is $20M. As a result, the company heads into bankruptcy proceedings and will transfer those assets to Disney.

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Reuters reports Character.AI filed for Chapter 11 bankruptcy and agreed to sell some assets to Disney for $20M. The newsletter includes it as part of its “AI today” roundup.

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TLDRocket 13 October 2026

Google’s Gemini 4 Argon rollout grabbed the day’s attention, and not just because it’s being pushed out more widely. The company is offering the model through the Gemini API and paid Google AI subscriptions with an introductory price of $2 per million input tokens and $10 per million output tokens until November 30, plus a single 1M input/output token budget that forces teams to budget their requests more deliberately. Argon also comes with guardrails that Google is testing through its Fairwind Program—limited access at first, automated misalignment monitoring, and refusal systems tuned for misuse.

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Character.AI files for Chapter 11 bankruptcy; agrees to sell assets to Disney

Why it matters

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Every AI story that matters, in your inbox by 8am.

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