Ellis
๐ค SpeakerAppearances Over Time
Podcast Appearances
The funny thing about this that we reported on when it happened was that Disney had made a $1 billion investment deal with OpenAI about Sora.
And Disney said, we are going to invest a billion dollars in OpenAI over X period of time.
And Sora is going to be in the Disney Plus app with AI-generated versions of our characters that you can just sort of scroll through on the Disney Plus app as a sort of like little Disney TikTok feature.
This never launched, and reportedly the Sora engineers didn't even really know that Sora was getting killed.
They even put out a guidelines as to like their safety standards about Stora the day before they announced that they were killing it, which is very funny.
And now that $1 billion deal is not happening.
So OpenAI can't find money and now they really can't find money.
I guess a billion dollars is like pocket change for them.
And also one thing you should know is that pretty much every OpenAI deal is not real money.
It's like the idea of money.
Nothing ever really happens.
Everyone's like, Nvidia's like, we're investing one trillion in open AI.
And they're like, what does that mean?
And then they just sort of do jazz hands and walk away.
So, you know, none of these circular deals are inflating the stock market.
And that's why you're seeing a lot of red.
A lot of them are like promises to invest over time or something.
That's what the Disney one was.
It was $1 billion investments over a period of time.
And it didn't even start.