*RELAY SHUT DOWN IN AUGUST AMID PRESSURE FROM BIGGER PLATFORMS: TECHCRUNCH*CHARACTER.AI FILED FOR BANKRUPTCY FIVE YEARS | Hanami
*RELAY SHUT DOWN IN AUGUST AMID PRESSURE FROM BIGGER PLATFORMS: TECHCRUNCH *CHARACTER.AI FILED FOR BANKRUPTCY FIVE YEARS AFTER LAUNCHING: TECHCRUNCH *S&P DATA SHOWS 42% OF CORPORATE AI INITIATIVES ARE EVENTUALLY ABANDONED: TECHCRUNCH
- Workflow automation tool Relay shut down in August as larger platforms like OpenAI and Google built similar features into their tools, Techcrunch reported. - Chatbot platform Character.ai filed for bankruptcy five years after launching. According to S&P Global Market Intelligence data, corporate parents ultimately abandon about 42% of AI initiatives due to funding, technical hurdles, and weak demand. - The report highlights various industry casualties, including the closure of OpenAI's Sora in March 2026, Notion Mail's planned shutdown on September 22, and Humane's sale of its AI Pin assets to HP for $116 million in February 2025.