The Walt Disney Company announced today that it’s making a $1 billion equity investment in OpenAI and signing a three-year character licensing agreement that will bring its massive universe of IP to S...

The Walt Disney Co. has agreed Thursday to invest $1 billion in OpenAI that includes a three-year licensing agreement that will allow fans to create their own AI-generated short clips on Sora using Di...

“In this deal, OpenAI is both respecting and valuing our creativity,” Disney CEO Bob Iger said Thursday on CNBC ’s Squawk on the Street show featured in the previously-linked Journal report.