Character.ai's Bankruptcy Documents Show the Economics of AI Don't Work
9 experts across 3 network communities independently surfaced this.
“Character[.]ai financials: - $13.8m on compute a month, then $10m a month - bringing in $2.8m in subscriptions, sometimes less than $1m - revenue from all sources $5.3m a month Its bankruptcy shows the economics of AI don't work: www.404media.co/character-a…” evidence ↗
Policy & governance
3 expertsRules, institutions and accountability.
“Character[.]ai financials: - $13.8m on compute a month, then $10m a month - bringing in $2.8m in subscriptions, sometimes less than $1m - revenue from all sources $5.3m a month Its bankruptcy shows the economics of AI don't work: www.404media.co/character-a…”
Concern & critique
1 expertRisks, limits and unintended consequences.
“The circumstances of CharacterAI’s bankruptcy “are exactly what critics of AI have been saying would happen”— @jasonkoebler.bsky.social They, lit money on fire running its product, did not earn much revenue, & faced huge legal fees after causing harm. Enshi…”