PRESS DIGEST -Wall Street Journal - December 12
Dec 12 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- Disney DIS.N is set to invest $1 billion in OpenAI and license 200+ characters for ChatGPT and Sora, allowing the AI platform to use its properties to generate short, user-prompted social videos.
- Rivian RIVN.O to expand hands-free driving to 3.5 million miles of roads in North America and introduce its own AI chip, as it races Tesla TSLA.O in autonomous tech.
- OpenAI rolls out GPT-5.2 with improved reasoning and productivity features to counter Google's Gemini and win enterprise users.
- Renaissance considers tweaking trading models after meme-stock swings hit two funds, which together manage nearly $20 billion, despite its flagship Medallion fund posting 20% gains this year.
- Terraform Labs founder Do Kwon sentenced to 15 years in U.S. prison for fraud tied to a $40 billion crash of his TerraUSD and Luna coins in 2022.
- Trump administration drops plans for quarters honoring abolition and suffrage, opts for Founding Fathers themes; dollar coin featuring Trump still under review.
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