Mentioned:
Sam Altman’s OpenAI has a new investor: The Walt Disney Company.
What’s happening:
- The Walt Disney Company (NYSE: DIS) is making a new $1B USD strategic investment into OpenAI
Why it matters:
- The new investment into OpenAI is part of a larger licensing deal in which The Walt Disney Company will grant OpenAI access to characters from Marvel, Pixar and Star Wars to be used on OpenAI’s generative artificial intelligence video platform Sora
Going deeper:
- The Walt Disney Company will receive both common shares and warrants in OpenAI as part of the new investment and partnership
- OpenAI has also publicly stated that they will make their APIs available to The Walt Disney Company as part of the new deal as well as roll out ChatGPT for all of their employees globally
