Disney to Hire Majority of Character.AI Workforce Following Bankruptcy

Disney has agreed to hire at least 60 employees from the bankrupt chatbot startup Character.AI, which represents the majority of its workforce. The agreement includes a $20 million acquisition of some of Character.AI's assets and an estimated $60 million in annual compensation for the new hires. Most of the employees offered jobs at Disney have accepted them, although the deal remains a stalking horse bid, allowing for other offers.