The Walt Disney Company to invest $1bn in OpenAI.

The Walt Disney Company, an entertainment company, agreed to invest $1bn in OpenAI, an American artificial intelligence research laboratory. “Technological innovation has continually shaped the evolution of entertainment, bringing with it new ways to create and share great stories with the world. The rapid advancement of artificial intelligence marks an important moment for our industry, and through this collaboration with OpenAI we will thoughtfully and responsibly extend the reach of our storytelling through generative AI, while respecting and protecting creators and their works. Bringing together Disney’s iconic stories and characters with OpenAI’s groundbreaking technology puts imagination and creativity directly into the hands of Disney fans in ways we’ve never seen before, giving them richer and more personal ways to connect with the Disney characters and stories they love,” Robert A. Iger, The Walt Disney Company CEO.