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Ticker: Out of Character
Customizable chatbot platform Character.AI filed for Chapter 11, in one of the first major bankruptcies of the generative AI boom
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Top Stories
Character.AI filed for Chapter 11 and agreed to sell assets and a perpetual technology license to Disney for $20M. — TechCrunch
Microsoft unveiled Maia 300, reducing its reliance on Nvidia. — GeekWire
Meta launched Muse Wonder and Wonder Full, agent-focused models designed to persist through complex coding and professional tasks while maintaining context. Meta says it’s now the most advanced option for powering digital assistants.— Meta Newsroom
Workday agreed to acquire C1.ai, adding automated access controls for employees and AI agents across its enterprise software. — Workday
Bending Spoons cut a large, undisclosed share of Airtable’s workforce one month after buying it for $1.28B. The company faces backlash over the announcement’s blunt framing. — CNBCTV18
Top Funding Announcements
Ubitium — The chip startup raised a $14M seed led by Ibex Investors to commercialize a universal processor for robots, drones, and industrial machines. — Tech.eu
Causa Prima — The AI finance startup raised a $20M seed led by Base10 Partners, looking to expand into the US. — Tech.eu
ICON — The robotic construction company raised a $200M Series D co-led by Baillie Gifford and BlackRock to manufacture more building systems. They also look to open in Austin R&D center. — FinancialContent
HyLight — The hydrogen-airship infrastructure inspection startup raised a €13M round led by Rubio Impact Ventures to bring manufacturing in-house. — Tech.eu
Undecimal Bio — The RNA drug delivery startup raised a €16M seed co-led by 4BIO Capital and IQ Capital. — EU-Startups
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