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WorldBusinessTechnology

Character.AI Files for Bankruptcy as Disney Offers $20 Million for Its Assets

Character.AI, a generative artificial intelligence platform, has filed for Chapter 11 bankruptcy protection in the United States and agreed to sell some of...

Evergrande Founder Hui Ka Yan Sentenced to Life in Prison
BusinessWorld

Evergrande Founder Hui Ka Yan Sentenced to Life in Prison

China Evergrande founder Hui Ka Yan has been sentenced to life imprisonment by a court in Shenzhen, five years after the property developer’s...

SEC Sues Former Tricolor Executives Over Alleged Investor Fraud
BusinessSecurityWorld

SEC Sues Former Tricolor Executives Over Alleged Investor Fraud

The U.S. Securities and Exchange Commission has sued the former chief executive of collapsed used-car seller and subprime lender Tricolor and two other...