Walt Disney to invest $1 billion in OpenAI, license characters for Sora
Walt Disney has reached an agreement with OpenAI that will make the company the first major content licensing partner on Sora, OpenAI's social video platform.Why it matters: It's a huge endorsement of AI-created content from one of the biggest media companies in the world.Zoom in: As part of the agreement, Disney will make a $1 billion equity investment in OpenAI. It will also receive warrants to buy additional shares.Under the arrangement, social videos can be generated from from a set of mo...
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