TLDR Tech / News
Disney to hire 66 Character.AI employees for $60M annually
Disney has agreed to a $60 million annual arrangement for 66 employees from the bankrupt AI chatbot startup Character.AI, according to a bankruptcy filing. This deal includes $20 million for key startup assets and an additional $30 million retention fund, amounting to $180 million over three years for the talent. This transaction follows Character.AI's Chapter 11 bankruptcy filing amid lawsuits concerning child safety and regulatory challenges.
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