Why Disney Is Investing $1 Billion in OpenAI

P.M. Edition for Dec. 11. Disney announces a $1 billion investment and licensing deal with OpenAI that lets users put their characters in AI-generated videos. WSJ entertainment reporter Ben Fritz discusses why Disney came to terms with OpenAI and what risks it faces. Plus, Oracle shares fall nearly 11% as investors worry the company is overspending on AI, dragging the Nasdaq down with it. And in an effort to break its dependence on China, the U.S. is developing its own critical minerals industry—and, as Journal reporter Heather Somerville explains, Silicon Valley is giving it a boost. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.