Character.AI’s Age-5 Bankruptcy Shakes AI Rivals [2026]
Character.ai filed for voluntary Chapter 11 bankruptcy protection on October 13, 2026, putting a five-year-old company that once defined the AI companion chatbot category into a court-supervised sale process. The filing, made in the U.S. Bankruptcy Court for the District of Delaware under the entity name Character Technologies, lists estimated assets and liabilities of $50…