The Walt Disney Company Makes $1 Billion Investment in OpenAI
Dec 11 (Reuters) - Walt Disney Co DIS.N:
THE WALT DISNEY COMPANY AND OPENAI REACH LANDMARK AGREEMENT TO BRING BELOVED CHARACTERS FROM ACROSS DISNEY’S BRANDS TO SORA
DISNEY - DISNEY AND OPENAI AFFIRM A SHARED COMMITMENT TO RESPONSIBLE USE OF AI THAT PROTECTS SAFETY OF USERS AND RIGHTS OF CREATORS.
DISNEY: AS PART OF AGREEMENT, DISNEY WILL MAKE A $1 BILLION EQUITY INVESTMENT IN OPENAI
DISNEY: UNDER DEAL, WILL RECEIVE WARRANTS TO PURCHASE ADDITIONAL EQUITY IN OPENAI
DISNEY: ALONGSIDE LICENSING AGREEMENT, DISNEY WILL BECOME A MAJOR CUSTOMER OF OPENAI
DISNEY - OPENAI & DISNEY HAVE AFFIRMED COMMITMENT TO MAINTAINING ROBUST CONTROLS TO PREVENT GENERATION OF ILLEGAL OR HARMFUL CONTENT
DISNEY - AGREEMENT DOES NOT INCLUDE ANY TALENT LIKENESSES OR VOICES
DISNEY- TO BE CUSTOMER OF OPENAI, USING ITS APIS TO BUILD PRODUCTS, TOOLS, EXPERIENCES, INCLUDING FOR DISNEY+, AND DEPLOYING CHATGPT FOR EMPLOYEES
DISNEY: THREE-YEAR LICENSING AGREEMENT WITH OPENAI
DISNEY: AS PART OF AGREEMENT, OPENAI COMMITTED TO CONTINUE IMPLEMENTING RESPONSIBLE MEASURES, INCLUDING AGE-APPROPRIATE POLICIES
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