Disney’s Bold Leap Into AI: A New Era
From movies to theme parks, AI is set to revolutionize the way Disney operates.
Disney’s AI Introduction Task Force
Walt Disney, the entertainment conglomerate, has formed a task force to study artificial intelligence (AI) and its applications across various domains. From Walt Disney Studios to theme parks and engineering, the company is now actively exploring how AI can be integrated into its operations.
The company has 11 current job openings seeking candidates with expertise in AI or machine learning. These positions touch virtually every corner of the company, including a “next-generation” AI-powered advertising system.
Cutting Costs with AI: Strategy
With production costs for major films reaching astronomical figures, Disney sees AI as a tool to control expenses. The potential savings could be a game-changer for the entertainment industry, unfortunately impacting workers as well. One of the key motivations behind Disney’s AI exploration is cost control. With movie and television production costs soaring to $300 million for major releases, AI could help realize significant savings over time.
AI in Theme Parks:
Disney’s theme parks could also benefit from AI innovations. From customer support to creating novel interactions, AI could take the theme park experience to new heights. From enhancing customer support to creating novel interactions like Baby Groot, a small free-roaming robot, AI could redefine the theme park experience. However, could it also obliterate current jobs?
The Controversy: AI and the Hollywood Strike
AI’s growing prevalence in Hollywood has sparked debates and strikes among writers and actors. The technology’s potential impact on jobs is a central issue that continues to fuel tensions. AI’s rise in Hollywood has led to concerns among writers and actors, resulting in strikes. The fear of AI replacing human jobs is a contentious issue that continues to stir emotions and debates.
Disney’s AI Future and the Industry at Large
Disney’s investment in AI reflects a broader trend in the entertainment industry. As AI continues to evolve, it will undoubtedly shape the future of entertainment, raising both opportunities and challenges. Disney’s bold leap into AI sets a precedent for the industry, heralding a new era of creativity and efficiency.
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Disclaimer: Wealthy VC does not hold a position in any of the stocks, ETFs or cryptocurrencies mentioned in this article.
