Walt Disney (DIS) Invests $1 Billion in OpenAI Deal

The Walt Disney Company (NYSE:DIS) is 1 of the 14 Best Large Cap Stocks to Invest In Now. On December 11, Reuters reported that The Walt Disney Company (NYSE:DIS) is making a $1 cardinal concern successful OpenAI. This woody volition let OpenAI to usage successful its Sora AI video generator characters from Star Wars, Pixar, and Marvel.

This three-year concern woody betwixt OpenAI and The Walt Disney Company (NYSE:DIS) has the imaginable to alteration however Hollywood creates contented and it marks a cardinal infinitesimal successful Hollywood’s clasp of generative AI. It besides sidesteps worries astir AI hurting jobs oregon intelligence spot rights.

Under the licensing agreement, starting aboriginal successful 2026, Sora and ChatGPT Images volition make videos with Disney characters similar Mufasa, Cinderella, and Mickey Mouse. The woody does not see immoderate endowment likenesses oregon voices.

The Walt Disney Company’s (NYSE:DIS) CEO, Bob Iger, said that this collaboration volition cautiously grow the company’s storytelling with generative AI. It volition besides respect and support creators and their work.

Iger archetypal hinted astatine this strategy during a November capitalist call, wherever helium noted that AI would fto The Walt Disney Company (NYSE:DIS) connection tools to assistance Disney+ users marque and bask user-generated content, chiefly successful abbreviated form. Under the agreement, a enactment of user-generated videos volition go disposable for streaming connected Disney+. This volition let the level to payment from the increasing entreaty for short-form video content.

The Walt Disney Company (NYSE:DIS) is an American multinational wide media and amusement conglomerate that operates done 3 halfway concern segments: Disney Entertainment, ESPN, and Disney Experiences.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.