bankruptcy

Character.AI filings show compute costs dwarfed revenue

Court documents in Character.AI's Chapter 11 case show a company that spent far more running its chatbots than it ever brought in. As of August, it was still losing about \$8 million to \$9 million a month, even after deep…

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Character.AI files for bankruptcy, Disney bids $20 million

Character Technologies Inc., the company behind the AI companion chatbot Character.ai, filed for Chapter 11 bankruptcy on Monday, October 12, 2026, in the U.S. Bankruptcy Court for the District of Delaware. It plans to sell all or substantially all of…

AirBaltic files for Chapter 11 in New York amid Iran war fuel crisis

Latvia's airBaltic filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York on Monday, seeking to restructure approximately $583 million in funded debt and finance lease liabilities while keeping its flights in…

McIlroy predicts players will leave LIV Golf after bankruptcy filing

Rory McIlroy said Wednesday he expects players to leave LIV Golf in the wake of the league's Chapter 11 bankruptcy filing, predicting their departure would strengthen both the DP World Tour and PGA Tour.

LIV Golf files for Chapter 11 bankruptcy, proposes player ownership model

LIV Golf filed for Chapter 11 bankruptcy protection on Tuesday in the United States Bankruptcy Court for the District of New Jersey, marking a dramatic turn for the Saudi-backed league that once lured some of the world's top golfers with…

Analysts warn weaker European airlines face failures as Iran war keeps fuel costs elevated

Europe's financially weaker airlines are staring down the prospect of bankruptcies and forced consolidation as the war in Iran continues to push jet fuel prices higher and disrupt key air corridors, straining an industry already battered by years of pandemic-era…

EU crypto exchanges collapse as MiCA deadline takes effect

As the European Union's Markets in Crypto-Assets Regulation reaches its final enforcement deadline on July 1, two cryptocurrency platforms have become early casualties of the new regulatory order — one in Estonia, the other in the Netherlands — leaving tens…

FTX fire sales cost creditors an estimated $35B in missed gains

The full scale of missed opportunity from the FTX bankruptcy estate's fire sales of venture investments has come into sharper focus this week, after SpaceX Space Exploration Technologies Corp. formally agreed to acquire the AI coding startup Cursor for $60…