Disney's AI and metaverse bets falter

Disney's ambitious investments in AI and the metaverse are facing significant setbacks early in CEO Josh D'Amaro's tenure. The company's planned integration of OpenAI's Sora image-generation technology into Disney Plus is in jeopardy as OpenAI reportedly shutters the program, despite Disney's substantial $1 billion collaboration. Furthermore, progress on the promised metaverse venture with Fortnite creator Epic Games remains unclear, even as Epic announces significant layoffs. These developments raise concerns about the future viability and execution of Disney's forward-looking technology strategies.