Walt Disney and OpenAI announced a three-year licensing deal Thursday that will allow users to create short videos featuring beloved Disney characters through artificial intelligence.The deal marks the first time a major entertainment company has embraced generative AI at this scale, licensing its fiercely protected characters—from Mickey Mouse to Marvel superheroes and Star Wars’s Darth Vader—for AI content creation.The partnership represents a dramatic shift for an industry that has largely been battling AI companies in court.Disney and other creative industry giants have been suing AI firms like OpenAI, Perplexity and Anthropic, accusing them of illegally using their content to train their technology.The entertainment giant continued that legal campaign on Wednesday, separately sending a cease-and-desist letter to Google over the illegal use of its intellectual property to train the search engine giant’s AI models.For OpenAI, the deal comes as it faces increasing questions about the sustainability of its business model, with costs skyrocketing far faster than revenue—despite nearing one billion users worldwide.Under the agreement, fans will be able to produce and share AI-generated content featuring more than 200 characters from Disney, Marvel, Pixar and Star Wars franchises on OpenAI’s Sora video generation platform and ChatGPT.Launched at the end of September, Sora aims to be a TikTok-like social network where only AI-generated videos can be posted.From the outset, many videos have included characters directly inspired by real cartoons and video games, from South Park to Pokémon.Facing license-holder anger, CEO Sam Altman promised OpenAI would offer rights holders more control to put a stop to these AI copies.The partnership includes a $1 billion equity investment by Disney in OpenAI, along with warrants to purchase additional shares in the ChatGPT maker.Disney shares rose more than 2% Thursday after the announcement.Disney CEO Robert Iger said the collaboration would “thoughtfully and responsibly extend the reach of our storytelling.”Characters available for fan creations will include Mickey Mouse, Minnie Mouse, Elsa from Frozen, and Marvel heroes like Iron Man and Captain America, as well as Star Wars icons including Darth Vader and Yoda.The agreement excludes talent likenesses and voices from actors amid deep concern in Hollywood about the impact of AI.”This does not in any way represent a threat to the creators at all—in fact the opposite. I think it honors them and respects them, in part because there’s a license fee associated with it,” Iger told CNBC.Hollywood’s leading actors union, SAG-AFTRA, said it would “closely monitor” the deal’s implementation, while the Writers Guild of America said it will meet with Disney to probe the terms and underlined that OpenAI had stolen “vast libraries” of studio content to train its technology.- 30 seconds -Iger, in a joint interview with Altman on CNBC, insisted the deal only includes videos no longer than 30 seconds and the technology wouldn’t be used for longer-form productions.Beyond licensing, Disney will deploy OpenAI’s technology to build new products and experiences for Disney+, the streaming platform.”Disney is the global gold standard for storytelling,” Altman said. “This agreement shows how AI companies and creative leaders can work together responsibly.”Both companies emphasized their commitment to responsible AI use, with OpenAI pledging age-appropriate policies and controls to prevent illegal or harmful content generation.In Disney’s complaint against Google, OpenAI’s biggest rival in the AI space, the entertainment giant accuses Google of infringing Disney’s copyrights on a massive scale by copying a large corpus of content without authorization to train and develop AI models and services.”We’ve been aggressive at protecting our IP, and we’ve gone after other companies that have not valued it, and this is another example of us doing just that,” Iger told CNBC.

A US court sentenced cryptocurrency tycoon Do Kwon to 15 years in prison Thursday over fraud linked to his company’s failure, which wiped out $40 billion of investors’ money and shook global crypto markets.Kwon, who nurtured two digital currencies central to the bankruptcy, was sentenced at the New York court where he pleaded guilty in August after an international manhunt spanning Asia and Europe.He still faces fraud charges in his native South Korea.The 34-year-old’s Terraform Labs created a cryptocurrency called TerraUSD that was marketed as a “stablecoin,” a token that is pegged to stable assets such as the US dollar to prevent drastic fluctuations.Kwon successfully marketed them as the next big thing in crypto, attracting billions in investments and global hype.He was flooded with praise in South Korean media, which described him as a “genius” as thousands of private investors lined up to pour cash into his company.And in 2019, Kwon featured in Forbes magazine’s 30 under 30 Asia list.But despite billions in investments, TerraUSD and its sister token Luna went into a death spiral in May 2022.Experts said Kwon had set up a glorified pyramid scheme, in which many investors lost their life savings.He left South Korea before the crash and spent months on the run.The crypto tycoon was arrested in March 2023 at the airport in Podgorica, the Montenegrin capital, while preparing to board a flight to Dubai, in possession of a fake Costa Rican passport.He was extradited last year from Montenegro to the United States. – ‘Elaborate schemes’ -After Kwon’s sentencing Thursday, US prosecutors detailed how he made fraudulent claims about his business to lure in buyers, including American investment firms. At its peak in the spring of 2022, the total market value of TerraUSD and Luna exceeded $50 billion. “Do Kwon devised elaborate schemes to mislead investors and inflate the value of Terraform’s cryptocurrencies for his own benefit,” US Attorney Jay Clayton said in a statement.When it all came crashing down, Clayton’s office said in a press release, Kwon sought to obtain “political protection” from several countries.It cited a recorded conversation in which he told an associate that his strategy of dealing with authorities investigating the collapse was to “tell them to fuck off.” Alongside his prison term, Kwon was ordered to forfeit over $19 million in proceeds from his illegal schemes.The US Justice Department said in a court filing that he could be allowed to complete his sentence in South Korea, provided at least half of it is served in the United States.Cryptocurrencies have come under increasing scrutiny from regulators after a string of controversies in recent years, including the high-profile collapses of exchanges.Kwon’s impressive rise and precipitous fall has been compared to convicted American fraudster Elizabeth Holmes, the disgraced founder of the medical technology startup Theranos.

His only official job title at the White House is son-in-law. But Jared Kushner has staged a remarkable — and sometimes controversial — comeback to President Donald Trump’s inner circle.Four years after Kushner left the White House, Trump has handed the husband of his daughter Ivanka a key role in the Gaza and Ukraine peace talks.This week, the 44-year-old also emerged as an investor in a bid by Paramount to buy Hollywood giant Warner Bros., which if successful could mean the Trump family partially owning CNN, the president’s most-hated news channel.Kushner and Ivanka served as special advisors in Trump’s first term. But after his 2020 election loss they decamped to Florida and Kushner vanished into the private sector, insisting he would not return for a second administration.Since then, Kushner has founded an investment company largely funded by the same Middle Eastern countries that he dealt with in the first Trump term — and has become a billionaire, according to Forbes.That has raised ethical questions about possible conflicts of interest, which Kushner has denied and White House Press Secretary Karoline Leavitt has branded “frankly despicable.” But it has not stopped Trump, who has long mixed business and politics with family, from bringing him back in from the cold. “We called in Jared,” Trump told the Israeli parliament in October after the Gaza ceasefire deal. “We need that brain on occasion. We gotta get Jared in here.”- ‘Trusted family member’ -The White House said that Kushner was giving “valuable expertise” while stressing that he working as an “informal, unpaid advisor.””President Trump has a trusted family member and talented advisor in Jared Kushner,” Deputy Press Secretary Anna Kelly said in a statement to AFP, citing Kushner’s “record of success” in the Middle East.Trump and his roving global envoy, businessman Steve Witkoff, “often seek Mr. Kushner’s input given his experience with complex negotiations, and Mr. Kushner has been generous in lending his valuable expertise when asked.”The slim, softly-spoken scion of a property empire — whose father was jailed for tax evasion and later pardoned by Trump — Kushner faced accusations of inexperience when he joined Trump’s first team.But he ended up playing a key role in Trump’s signature diplomatic achievement, the Abraham Accords that saw several Muslim nations recognize Israel.During that time Kushner, who is Jewish, built enduring relationships with Gulf states like Saudi Arabia.As Trump sought a Gaza ceasefire in his second term, he turned again to his son-in-law.Kushner began to be seen around the White House again, and Trump dispatched him and Witkoff to negotiate with Israel, Hamas and Middle Eastern powers.After the Gaza deal, Kushner said his role was only temporary — and joked that he was worried Ivanka would change the locks of their Florida mansion and not let him back in if he stayed on.Yet the following month, Kushner turned up at the Kremlin with Witkoff to meet President Vladimir Putin. Top Kremlin aide Yuri Ushakov said Kushner “turned out to be very useful.”- Paramount bid role -Kushner’s business interests hit the headlines again this week when it emerged that his private equity firm, Affinity Partners, was among the investors backing Paramount’s battle with Netflix to buy Warner Bros.It added a political twist to the story, as not only has his father-in-law said he would get “involved” in approving any deal, but Trump also appears determined to clamp down on CNN, which is part of Warner.Kushner founded Florida-based Affinity in 2021, with much of its funding coming from foreign sources, particularly the Middle Eastern governments he’d done business with.Saudi Arabia’s Public Investment Fund (PIF) gave $2 billion in 2022, the New York Times reported. The Qatar Investment Authority and Abu Dhabi-based Lunate Capital together gave around $1.5 billion in 2024, Kushner said in a podcast last year.Kushner’s firm now manages $5.4 billion, according to a press release in September.A US Senate finance committee launched an inquiry last year into whether Affinity was effectively being used as a foreign influence-buying operation with the Trump family ahead of the 2024 election, saying it had won millions in fees from foreign clients without returning any profits.Affinity Partners did not reply when contacted by AFP.Kushner hasn’t commented on the Paramount deal, but he has previously rejected any suggestions of ethical breaches, particularly regarding his Gulf ties.”What people call conflicts of interest, Steve and I call experience and trusted relationships,” he told the CBS program “60 Minutes” when it interviewed him and Witkoff in October on the Gaza deal.

The White House on Thursday intensified its attacks on CNN, the news network at the center of a financial battle that President Donald Trump is tied up in politically and through family.Echoing the president’s frequent anti-media barbs, senior members of his administration lashed out. “CNN = Chicken News Network,” White House communications director Steven Cheung wrote on X Thursday, calling CNN cowardly for not inviting Trump advisor Stephen Miller to be interviewed “presumably because they are scared Stephen will school them.”Vice President JD Vance then shared the post, adding: “If CNN wants to be a real news network it should feature important voices from our administration.”A CNN spokesperson said Miller would be welcome back on the channel, Fox News reported Thursday.”As a news organization, we make editorial decisions about the stories we cover and when, and that depends on the news priorities of the day. We look forward to having Stephen on again in the future as the news warrants,” the CNN spokesperson was quoted as saying.The harshest attack on CNN from the Trump administration came from an official White House account called Rapid Response 47, which went after Kaitlan Collins, one of the network’s most prominent correspondents, saying she “is not a journalist. She is a mouthpiece for the Democrat Party.”On Wednesday, the president confronted another CNN journalist similarly, and said “you know you work for the Democrats, don’t you? You are basically an arm of the Democrat Party.”CNN has yet to comment publicly on those allegations. In the past, the network has responded to criticism of political bias by asserting that it is committed to objective journalism and fairness.- CNN for sale -Founded in 1980 to provide global television news coverage, CNN is currently owned by Warner Bros. Discovery, the media conglomerate at the heart of a bidding war between streaming giant Netflix and Paramount Skydance, the latter of which is led by CEO David Ellison, son of Trump ally Larry Ellison.The president’s son-in-law Jared Kushner has joined Paramount’s bid through his investment firm. And Trump has already indicated he intends to get involved in the government’s decision to approve or block a sale, which would typically involve the Justice Department.Under Paramount’s offer, CNN would fall into Ellison’s hands.  Under the Netflix deal, Warner Bros. Discovery would sell off CNN and other cable news properties separately before closing the sale of its studio and streaming operations.The 79-year-old president said Wednesday he wants to ensure CNN gets new ownership as part of the Warner Bros. Discovery sale, seeming to favor a Paramount purchase.”I don’t think the people that are running that company right now and running CNN, which is a very dishonest group of people, I don’t think that should be allowed to continue. I think CNN should be sold along with everything else,” Trump said.