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Disney bids US$20 million for Character.AI license

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Disney bids US$20 million for Character.AI license

3 Key Points

  1. What happened

    Walt Disney bid US$20 million for a non-exclusive, perpetual license to Character.AI's technology and offered roles to most of its engineers.

  2. Why it matters

    The bid shows Disney is looking to bring in outside AI talent and tech as it seeks to monetize its intellectual property, a move that could reshape how it develops AI-driven experiences.

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FAQ
What exactly is Disney bidding for?
Disney bid US$20 million for a non-exclusive, perpetual license to Character.AI's technology.
Is Disney hiring Character.AI staff?
Yes, Disney has offered roles to most of Character.AI's engineers.
How is Disney's stock performing?
Disney's share price returned 4% over 30 days and gained 11.64% over 90 days, though year-to-date performance is slightly lower.
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