The entertainment company's deal with OpenAI has spurred conversation about how AI will shape the future of media and storytelling.

Disney invests one billion dollars in OpenAI, Meta acquires AI wearable startup Limitless, Google and Xreal preview Android XR glasses, NY Times sues Perplexity.

Kevin Mayer, Candle Media CEO, former TikTok CEO, and former Disney senior executive, joins 'Money Movers' to discuss the new Disney-OpenAI deal, how Hollywood might perceive it, and more.

South Korean crypto tycoon Do Kwon was sentenced to 15 years in prison late yesterday on two counts of fraud. Kwon’s TerraUSD and Luna tokens, which he controlled, collapsed in 2022. That caused $40bn in losses for investors. Kwon admitted in a New York court earlier this year that he knowingly defrauded investors. He pleaded guilty in August.

"​I think the reason this bidding is approaching $100 billion-plus is the content library and the potential to do a Disney-OpenAI type of deal."

The Writers Guild of America and SAG-AFTRA have released statements in response to The Walt Disney Company's deal with OpenAI that will license hundreds of the company's characters for use on the AI company's generative model Sora for both internal and consumer use,

Google has removed dozens of AI-generated videos that depicted Disney-owned characters after receiving a cease and desist letter from the studio on Wednesday. Disney flagged the YouTube links to the videos in its letter,