Character.AI Files for Chapter 11; Disney Emerges as Lead Bidder for Assets
Character.AI has initiated a voluntary Chapter 11 bankruptcy process in the U.S., citing significant legal, regulatory, and operational pressures following a year of intense scrutiny over youth safety. Disney has submitted a $20 million "stalking horse" bid for the company's intellectual property, setting a baseline offer for a court-supervised auction intended to conclude by late 2026.
Workday announced it will acquire C1.ai, a leading agentic identity platform, to help enterprises govern the access and security of autonomous AI agents.
Anthropic released new defense mechanisms for its Claude models that reportedly reduce model distillation data harvests by 90% to 99%.
Microsoft Unveils Maia 300 AI Accelerator, Plans Multi-Gigawatt Deployments
AMD introduced the AMD Helion agentic AI rack, an open blueprint for agentic AI infrastructure based on an Open Compute Project spec-design and powered by AMD compute.
IonQ announced that it has entered into a definitive agreement to acquire Elisity, Inc., a Zero Trust security company, in an all-stock transaction valued at up to $1.3 billion.
Did you know?
Palantir’s CTO claimed some AI researchers are taking up smoking as a symbolic gesture of faith that AI will eventually discover a cure for cancer.
Quiz
Which entertainment giant placed a $20 million 'stalking horse' bid for Character.AI’s intellectual property following its bankruptcy filing?