Ilya Fushman

Bloomberg's Shireen Ghaffari is with us, part of the team that broke the story.

Okay, so let's just be very clear about what this is.

It's basically an extension or expansion of the round they were already doing.

So they did $110 billion from corporates, basically, and now they're adding a little bit more, but it's the VCs that are getting in.

What else do we need to know?

Shireen, another big headline on OpenAI is it's discontinuing support for Sora and winding down a deal that it had with Disney.

I remember when that deal hit, we broke it on the show and made a pretty big deal of it, pardon the expression.

Why are they winding down Sora and why did Disney and that relationship fall apart?

So Josh DeMauro became CEO last Wednesday, the 18th, at the annual shareholder meeting.

He's seven days in.

And Disney put money into this open AI relationship.

It was supposed to yield things.

They also have an investment in Epic Games, video game maker, a company that's doing big layoffs.

So hard start to that tenure.

Yeah, lots to recap on tech and politics.

Do it on the podcast.

You know where to find it.

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From Washington, D.C., this is Bloomberg.

I'm Carol Masser.