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Character.ai files for Chapter 11 as Disney makes a $20 million opening bid
Character.ai began a court-supervised sale and says its chatbot service will keep operating during the process. Disney has offered $20 million for a nonexclusive license to certain intellectual property and claims, subject to higher offers; The Verge examined the bankruptcy filing and the company's legal and operational pressures.
ThereforeCharacter.ai says the service will shut if the sale fails to find a buyer willing to keep it running.
Character.ai blog · The VergeCopy link to: Character.ai files for Chapter 11 as Disney makes a $20 million opening bid
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Seven banks arrange $3.7 billion more for DayOne's Johor data centers
UOB's consortium says the new facilities bring DayOne's financing platform to RM30 billion.
ThereforeThe new funding is intended for more Johor data-center capacity serving cloud, AI and digital services.
UOB via MarketScreener · The Business TimesCopy link to: Seven banks arrange $3.7 billion more for DayOne's Johor data centers
Nvidia's China AI-chip share falls to 34%, IDC finds
Per Reuters via The Standard, IDC counted 678,000 Nvidia accelerators shipped in China in the first half of 2026, down 44% from a year earlier, while Huawei shipped 572,000.
ThereforeDomestic suppliers are taking more of China's AI-compute orders under US export restrictions.
Reuters via The StandardCopy link to: Nvidia's China AI-chip share falls to 34%, IDC finds
Defunct startups' work archives are being sold for AI training
MIT Technology Review interviewed wind-down firms and a data buyer; SimpleClosure says 47% of its deals now include code or data sales.
ThereforeWorkers' emails and chats can become training material when an employer closes, raising consent and privacy questions.
technologyreview.com — MIT Technology ReviewCopy link to: Defunct startups' work archives are being sold for AI training
SpaceX agrees to testify in New York City's AI-safety inquiry
CNBC reports the council expects testimony Friday after subpoenaing Musk or a company representative for a hearing SpaceX missed.
ThereforeThe council is assessing whether AI risks warrant local legislation, and SpaceX's Grok unit now faces direct questioning.
CNBCCopy link to: SpaceX agrees to testify in New York City's AI-safety inquiry