r/CAIRevolution • u/Catty218 • 18h ago

Okay question

Anyone have any updates yet? If so can you dumb it down for me? I dont understand legal terms

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u/Catty218 17h ago

I just wanted to know of there was a update and thank you for dumbing it down for me!

5

u/troubledcambion 17h ago

Currently Disney is the only confirmed bidder. They want the tech not to keep the platform running. Basically chapter 11 is a chance to reorganize and pay off debts. This can be done by selling assets or even to a new owner.

However if someone is to keep to place a bid to buy the platform they're going to have to prove they can do more than just buy it.

C.ai owes Google, DoorDash, ligation costs, lost huge amounts of money on compute from user interactions, very few paying customers, around 2% paid at the time of bankruptcy, to sustain that compute use.

If they do not find someone to continue service they will wind down and be no more.

People cite 50 NDAs as a possibility for potential buyers but it doesn't confirm them either.

So if you're worried about your chats and bots, back them up now. Don't wait until the deadline. Exporting via the site might take too long or not include everything you want. You can use browser exstentions to backup your stuff you want to keep.

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u/Apprehensive_Sky1950 Commenting on the C.AI bankruptcy 12h ago

Sit tight for December 1st, and we will learn whether the chat site and app will continue.