Character.AI Chapter 11 sale process

Character.AI announced on October 12 that it had voluntarily entered Chapter 11 bankruptcy to seek a court-supervised sale of the company. The company says its chatbot platform remains available and paid subscriptions continue unchanged for now. It hopes a sale will allow the service to keep operating, but says it will wind down the platform if no actionable bid emerges. Character.AI expects the sale process to conclude in late November or early December. Those are the company’s stated plans and expectations, not a completed sale or shutdown.