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Disney’s big bets on the metaverse and AI slop aren’t going so well

The Verge AI·5 days ago

Disney's massive AI and metaverse investments are failing spectacularly. OpenAI is shutting down Sora just months after Disney's $1B collaboration deal, while Epic Games (Disney's $1.5B metaverse partner) is laying off 1,000 employees with no progress to show. This represents a concentration of power story - tech giants making billion-dollar bets on AI infrastructure that ordinary consumers and workers will ultimately pay for through higher prices and job losses, even when the technology fails to deliver.

corporate-failuresai-investmentslayoffsbig-techstreamingmetaversedisneyopenaiepic-games

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