Character.AI has filed for Chapter 11 bankruptcy and is selling assets to Disney in a $20 million lead bid. The move follows years of safety lawsuits and comes after Disney hired the startup’s former CEO and several technical staff.
Disney had previously sent cease-and-desist letters regarding unauthorized chatbots of its characters.
If no suitable bid emerges, the platform will be wound down, though Character.AI said maintaining a safe and engaging experience for users remains a top priority during the transition.
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Cohere announced the initial close of a Series E round targeting up to CAD $7 billion, which would value Cohere at CAD $35.7 billion if fully raised. The companies of Schwarz Group lead the round. Cohere calls it the largest private raise by a Canadian tech company.
Alphabet reportedly raised about $41.4 billion through stock sales and debt in the third quarter to fund AI-related capital spending. The moves supported $51.355 billion in capex while Google Cloud revenue grew 103 percent year over year.
Marvell is in advanced talks to acquire optics maker Lumentum, Bloomberg News reported Oct 28, citing people familiar, and a source told Reuters the same. A deal could be announced as soon as next week, though talks are private and no agreement has been reached. Lumentum rose about 9% after hours and Marvell fell more than 8%, per Reuters.
Samsung reported record third-quarter operating profit of 107.4 trillion won and said it is the world's first tech company to exceed 100 trillion won in quarterly operating profit. Its chip division earned 106.5 trillion won of that, and Samsung said on its call it expects 2027 results to surpass 2026.
Artificial Analysis ranks Google's Gemini 4 Carbon first on its Intelligence Index v5.0, 59 to 58 over Claude Opus 5.5 (Max), but access is limited to a subset of cyber defenders via Google's Fairwind Program this week, with no general availability date.
