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AI & Enterprise

Disney moves to hire most staff at bankrupt chatbot startup Character.AI

Disney plans to hire most employees of AI chatbot startup Character.AI, which has sought bankruptcy protection, as it looks to strengthen its in-house AI capabilities. Disney agreed to make job offers to at least 60 staff with total annual compensation estimated at about $60 million. Court filings show most recipients accepted. Disney also agreed to buy some Character.AI assets for $20 million, though the deal is not final and could change in the bankruptcy sale.

AI & Enterprise

Nvidia unveils investment plan in Germany; Merz urges companies to open the door to AI

Nvidia has unveiled plans to invest in four German startups as it moves to expand artificial intelligence investment in Europe, CNBC reported. The company said it would support Agile Robots, Avelios Medical, Mirelo AI and Reflex Aerospace, without disclosing the investment size. German Chancellor Friedrich Merz called on companies, including small and midsized firms, to open their data to AI. CEO Jensen Huang said AI would strengthen Germany’s industrial competitiveness.

Crypto

XRP circulating supply 56 percent unchanged for over a year as short-term holdings share slumps

About 56 percent of XRP in circulation has not moved for more than a year, indicating a rise in long-term holdings. More than 38 billion XRP had been held for at least a year, rising from about 51 percent at the start of the year to 55.91 percent as of Oct. 16. On-chain data show short-term holdings shrinking as tokens shift into mid- and long-term bands, although this does not necessarily imply new buying.