this post was submitted on 25 Mar 2026
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Fuck AI

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While that agreement was presented publicly as all but a done deal, an OpenAI statement at the time said it was “subject to the negotiation of definitive agreements, required corporate and board approvals, and customary closing conditions.”

Now, Axios cites “a source familiar with the situation” in reporting that no money ever changed hands in the planned deal. The Financial Times reports that the deal never got off the ground as OpenAI shifted its strategic direction, according to “two people familiar with the matter.” And Deadline cites a Disney insider who said point-blank that “the deal is not moving forward.”

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[–] disorderly@lemmy.world 69 points 6 days ago (2 children)

See, this is why openai can never go public: if it has to open its books, the music stops.

Disney does not have the luxury of teasing its investors with billion dollar deals-- every quarter, they have to report where they're stacking their chips, and any cute shit will get them sued and investigated at a minimum. They probably expect their peers to meet them halfway on that.

Openai is not a serious company. When a major prospective partner like fucking Disney wants to open a billion dollar account, what possible excuses could a real company have for not figuring it out?

[–] UnspecificGravity@piefed.social 30 points 6 days ago

They are spinning this as some sort of "nah, we decided we didn't want a billion dollars cause we're doing something else instead."

But as you said, that is horseshit, no one leaves a billion dollars on the table.

I bet the reason is that Disney got a peak at the actual capabilities and were like "this is garbage, why would be pay a billion dollars for something that isn't any better than the janky shit that goes on youtube?"

I would like to argue that when a company reaches a certain equity value, it should not have the option of closed books. if the government is going to treat a company as "too big to fail", then it's "too big for privacy"

[–] Archangel1313@lemmy.ca 23 points 6 days ago (2 children)

Gee. I can't imagine what Disney could possibly want with advanced AI video editing capabilities. /s

It sounded remarkably stupid when it was announced.

wait, the artists at disney saw the advanced ai video editor and said "i can do it faster and cheaper on my own" and could convince the C-suite?

that's gotta be a real shitty AI

[–] technocrit@lemmy.dbzer0.com 21 points 6 days ago (2 children)

The MIC is a much more lucrative grift.

[–] rain_enjoyer@sopuli.xyz 9 points 6 days ago

not even hegseth can dish out enough money to openai for them to avoid imploding

[–] Gork@sopuli.xyz 3 points 6 days ago

Defense spending goes brrrr

[–] SaharaMaleikuhm@feddit.org 13 points 6 days ago (1 children)

The bubble is popping. Well more like slowly deflating, but I take what I can get.

[–] Almacca@aussie.zone 8 points 6 days ago (1 children)

Slowly deflating would arguably be the better option.

yeah, quick market shocks = bank runs

[–] Vinylraupe@lemmy.zip 1 points 6 days ago

That thumbnail scares me...