Disney’s OpenAI deal is a $1 billion hedge on future of slop
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CNBC’s MacKenzie Sigalos reports on OpenAI’s latest salvo against Alphabet, using its new Disney partnership to drive adoption while shipping GPT-5.2 to drive its enterprise business.
The new, productivity-focused GPT-5.2 model comes as the AI company faces increasing competition from Google and Anthropic.
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.
OpenAI announced today that it's launching GPT-5.2, the newest model in its GPT-5 series. The new model will start rolling out immediately, with paid ChatGPT customers getting access first.
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The ChatGPT parent still accounts for most of the software company’s revenue backlog.
"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."