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00:03The Walt Disney Company sent a cease and desist letter to Character.ai,
00:07warning the startup to stop using copyrighted characters without permission, according to CNBC.
00:13Character.ai said it removed the flagged characters and stressed it wants to work
00:17with rights holders to create controlled revenue-generating experiences. The dispute
00:22underscores how media companies like Disney are moving to protect intellectual property
00:25during the AI boom. Disney is also suing Mid-Journey over alleged misuse of characters
00:31from Cars, Toy Story, Shrek, and The Avengers. A federal judge preliminarily approved
00:38Ash Anthropik's $1.5 billion settlement with authors who alleged the company illegally
00:44downloaded their books from pirated databases. For all things money, visit Benzinga.com.
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