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The Walt Disney Company and OpenAI Partner on Sora

(openai.com)
247 points inesranzo | 1 comments | 11 Dec 25 14:05 UTC | HN request time: 0s | source
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afavour ◴[11 Dec 25 14:47 UTC] No.46232022[source]▶
AI has driven the corporate suites of these companies insane.

> As part of the agreement, Disney will make a $1 billion equity investment in OpenAI, and receive warrants to purchase additional equity.

I don't know what kind of hypnosis tricks Sam Altman pulls on these people but the fact that Disney is giving money to OpenAI as part of a deal to give over the rights to its characters is absolutely baffling.

OpenAI and ChatGPT have been pioneering but they're absolutely going to be commoditized. IMO there is at least a 50:50 chance OpenAI equity is going to be next to worthless in the future. That Disney would give over so much value and so much cash for it... insane.

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1. venturecruelty ◴[11 Dec 25 22:28 UTC] No.46238161[source]▶
OpenAI equity is worthless now. It's a company that absolutely cannot turn a profit, not with how much they're spending. And with a CEO that regularly lies about... everything (I'm sorry, you can't just spin up hundreds of gigawatts of power generation, especially not in the US, but also because the only company that makes gas turbines has a seven-year backlog).

The only people who don't think it's worthless are the people who would be worth a lot less if that were the case. Hug your loved ones and make peace with your gods, because the crash is going to be insane.