SITUATION EXPLAINED: Character .ai filed for bankruptcy, going from a $2.7 billion Google deal to a $20 million Disney sale. • Disney is paying $20M for some assets and a perpetual license to its tech, and the platform shuts down if no buyer keeps it running • Founders Noam Shazeer and Daniel De Freitas left Google in 2021 after it refused to release Meena, the chatbot they built there • In 2024, Google paid $2.7B to license its tech and rehire them. Shazeer helped turn Gemini around, then…