Disney making $1 billion investment in OpenAI, will allow characters on Sora AI video generator

[flynnibus]

Absolutely tone-deaf choice by Iger and the Company here. The public sentiment with AI has definitely turned against it.

are you nuts? partnering with AI giants is basically turbo boosts for investor relations.

 

[Sirwalterraleigh]

He was a heck of a CEO 10-20 years ago.

First ten years was pretty good

Last 10 not so much


Cough if this sounds familiar

 

[Kamikaze]

It’s useless.

Whats useless? Polling and surveys? Generally they do a decent job (especially a noted company like Pew) at taking good cross sections and fairly representing the data.

Are there bad pollsters? Absolutely. But just throwing them all out because it doesn't fit your narrative? You have to paint yourself orange to do that.

 

[Sirwalterraleigh]

are you nuts? partnering with AI giants is basically turbo boosts for investor relations.

RIF

 

[Sirwalterraleigh]

I don't understand why people still love Iger as CEO

Stockholm Syndrome…mostly…

But there are fda approved treatments for that now

 

[Kamikaze]

are you nuts? partnering with AI giants is basically turbo boosts for investor relations.

Until this all crashes in on itself. Hopefully TWDC doesn't continue to push money into it.

 

[CoastalElite64]

How deep will the AI grift go before the pop?

 

[DavidDL]

Waking up to news like this just furthers the belief that we all died a while ago and are living in hell. News about Disney used to be the thing we could use to escape the nightmares of reality. The past decade or so has made it clear that the two have had some sort of corporate merger.

 

[Kamikaze]

How deep will the AI grift go before the pop?

The collapse will start sometime in 2026.

 

[Disney Irish]

The collapse will start sometime in 2026.

I heard the same thing in the late 90s about ECommerce and Web2.0, and here we are 30ish years later.

Things will change, and some will not survive, but AI is here to stay. The current AI is just built on top of what has been around for decades. So to say its going to collapse starting next year doesn't understand what it really is. That is the "fear" surrounding the buzz words and buying into some headlines.

 

[monothingie]

What a terrible take. (Not surprising from you…)

Just like the Parks and The Studios, milk it for everything it’s got while utterly destroying decades of brand building, franchises development, and quality, all for extremely short term gains!

It’s the Bob way.

This is a terrible take.

The AI genie is out of the bottle, there is no putting it back in. What would you have Disney do? Try to avoid it or prevent it from happening? Come on, that is like trying to put a band-aid on an already broken dam that is already flooding the town below it.

No, better to try to help foster where it goes by having a seat at the table. While then being able to control who has access to Disney IP and try to stop any potential issues before they start.

No. It just allows AI slop to be monetized by Disney.

Tremendously damaging to the brand.

 

[Kamikaze]

I heard the same thing in the late 90s about ECommerce and Web2.0, and here we are 30ish years later.

Things will change, and some will not survive, but AI is here to stay. The current AI is just built onto of what has been around for decades. So to say its going to collapse starting next year doesn't understand what it really is. That is the "fear" surrounding the buzz words and buying into some headlines.

I'm not talking about the existence of LLMs. I'm talking about the bubble propping up the stock market lead by nVidia's ridiculous stock price. The entire market is basically being driven by that single stock. And when they can no longer sell data centers overpriced chips and cards, thats when the collapse starts. You really think OpenAI needs a TRILLION dollars of additional investment? And even then it won't have a way to be profitable.

 

[monothingie]

I heard the same thing in the late 90s about ECommerce and Web2.0, and here we are 30ish years later.

Things will change, and some will not survive, but AI is here to stay. The current AI is just built onto of what has been around for decades. So to say its going to collapse starting next year doesn't understand what it really is. That is the "fear" surrounding the buzz words and buying into some headlines.

You’re the same one still believing that the golden age of streaming is still here.

It’s a fad that has captured the Zeitgeist of society. Just like streaming and cloud, computing, etc. grab the attention of the financial markets years ago, this is the same thing.

 

[monothingie]

The collapse will start sometime in 2026.

Oh good I thought it was the only one that has seen this movie already.

 

[Disney Irish]

You’re the same one still believing that the golden age of streaming is still here.

It’s a fad that has captured the Zeitgeist of society. Just like streaming and cloud, computing, etc. grab the attention of the financial markets years ago, this is the same thing.

Well I've made a 30+ year career around some of that "fad". So yeah something tells me this isn't just some fly by the night "fad" that you think it is.

 

[Disney Irish]

I'm not talking about the existence of LLMs. I'm talking about the bubble propping up the stock market lead by nVidia's ridiculous stock price. The entire market is basically being driven by that single stock. And when they can no longer sell data centers overpriced chips and cards, thats when the collapse starts. You really think OpenAI needs a TRILLION dollars of additional investment? And even then it won't have a way to be profitable.

Hence why I said that "things will change, some will not survive". Yes that bubble will pop, as it has in many many bubbles before it, but the idea that it'll cause AI to no longer be used is a fallacy that some are buying into.

 

[monothingie]

Well I've made a 30+ year career around some of that "fad". So yeah something tells me this isn't just some fly by the night "fad" that you think it is.

No one cares about cloud services or streamers anymore. It doesn’t guide people’s investments. It’s just a utility.

 

[networkpro]

If you've been watching the tech stocks, AI firms have been hoovering up all the tech investment capital in hopes of a quick profit. Its another boom bust cycle in the making. Be mindful and watch the burn rates, because quite a few are going to go down in flames. So if anyone observes history, who really reaped the lion share of profit during the gold rush ?

 

[Disney Irish]

No one cares about cloud services or streamers anymore. It doesn’t guide people’s investments. It’s just a utility.

You don't know what you're talking about here.

Ask the top companies on the planet if they don't care about cloud services anymore. I deal with all of them on a daily basis, talking directly to the CIOs, they 100% still care about cloud services. And investments aren't stopping in cloud services.

 

[flynnibus]

I'm not talking about the existence of LLMs. I'm talking about the bubble propping up the stock market lead by nVidia's ridiculous stock price. The entire market is basically being driven by that single stock. And when they can no longer sell data centers overpriced chips and cards, thats when the collapse starts. You really think OpenAI needs a TRILLION dollars of additional investment? And even then it won't have a way to be profitable.

See DotCom... but know what? Things corrected and everything built in that time actually became the foundation for the next era of rising tide.

If you want to talk stock price.. you have a discussion, but stock prices are not really rational in the first place. If you think AI is gonna go away.. you're mistaken. Just like e-everything didn't actually go away when all those companies imploded due to gross spending and free money.