Disney Invests In OpenAI

Benzinga

Disney will invest $1B in OpenAI and let Sora users generate videos using over 200 Disney-owned characters under a new three-year licensing deal. Disney will also use ChatGPT internally and receive warrants for additional OpenAI equity, while OpenAI commits to strict content controls.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03The Walt Disney Carrars said,

00:05Thursday it will make a $1 billion equity investment in OpenAI

00:08and allow users to create videos featuring Disney-owned characters

00:11on OpenAI's Sora app, according to CNBC.

00:16OpenAI launched Sora in September,

00:18enabling users to generate short videos from text prompts.

00:21Under a new three-year licensing agreement,

00:24Sora users will be able to create content featuring more than 200 characters

00:27from Disney, Marvel, Pixar, and Star Wars starting next year.

00:32Disney said it will receive warrants to purchase additional OpenAI equity,

00:36become a major customer, deploy ChatGPT internally,

00:39and collaborate on new tools.

00:41OpenAI agreed to maintain controls to protect creators' rights

00:44and prevent harmful or illegal content.

00:46For all things money, visit Benzinga.com.

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