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npollock | 2 months ago

Disney said "Our IP is $1B for a 3yr license, or we sue"

Altman said "We can pay with equity, but let's frame it as an investment"

No cash exchanged

discuss

order

richard___|2 months ago

Disney is actually paying $1B so it makes no sense. OpenAI gets the IP plus $1B.

KeplerBoy|2 months ago

Disney gets to invest $1B pre-IPO, in what might become an even more valuable company (or crash and burn, we'll see).

javawizard|2 months ago

I'm actually curious, how do we know for a fact that this is the case?

redwood|2 months ago

Disney loves the idea of giving investors an angle to bet on AI

robots0only|2 months ago

This is probably very similar to what happened!

evanjrowley|2 months ago

No cash because Disney's IP has no intrinsic value to begin with.