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Nerd Lawyer is your repository for news and information about artificial intelligence, Large Language Models, machine learning, natural language processing, the people who are developing these technologies, and tools incorporating them.
Character.AI was once valued at more than $1 billion. In bankruptcy, the opening bid is $20 million, and it doesn't even buy the IP outright. Here's what the sale teaches business owners about chain of title, departing talent, privacy policies, and the commitments buyers have to honor.