Disney making $1 billion investment in OpenAI, will allow characters on Sora AI video generator

Strategic Partnership - Disney and OpenAI have reached a landmark agreement to bring over 200 Disney characters to OpenAI's Sora platform [1] - The agreement involves a licensing deal and an exchange of economics between the two companies [4] Investment and Financial Implications - Disney is reportedly investing $1 billion in OpenAI at its current valuation [4] - Disney will also receive warrants as part of the three-year deal, potentially increasing its stake in OpenAI over time [4] Technology and Platform Development - OpenAI's Sora platform will be able to generate short, user-prompted videos using Disney characters [3] - OpenAI requires ever-expanding amounts of compute to support Sora's popularity [2] Intellectual Property - The agreement addresses potential IP disputes, ensuring Disney is compensated for the use of its characters [3]