Disney has agreed to hire at least 60 employees from bankrupt AI startup Character.AI, representing the majority of its workforce. The entertainment giant will offer an estimated $60 million in annual compensation to these employees.
The acquisition allows Disney to absorb key talent from a bankrupt AI firm, potentially bolstering its technological capabilities, while providing employment opportunities for Character.AI's former staff.
Following the bankruptcy filing of AI startup Character.AI earlier this week, Disney has agreed to hire the majority of its workforce. The entertainment giant will extend employment offers to at least 60 employees, with an estimated annual compensation of $60 million. The agreement also includes Disney acquiring some of Character.AI's assets for $20 million. Character.AI cited high costs and potential litigation, including a lawsuit related to a user's suicide and government investigations into child safety, as reasons for its financial struggles.
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