Hi everyone, Alexei Oreskovitch is pitching for Ellie today. Well guys, it’s all done this week :A New OpenAI modelsupcoming report space exploration technologies corp. IPO, even waymo baby! Most importantly, OpenAI and disney announced Surprise cooperation This includes a $1 billion investment in OpenAI, which enables OpenAI users to use artificial intelligence to generate videos of Mickey Mouse and hundreds of other Disney characters.
This 3-year agreement is a huge win for OpenAI (considering that Disney also Googleaccusing the internet giant and OpenAI’s main rival of “massive” infringement of its intellectual property through its artificial intelligence systems). The question is: Why is Mouse House rolling out the red carpet for ChatGPT makers?
You don’t need much imagination to guess the sordid scenes that await Disney’s family-friendly characters, as the tortured souls of the internet will have carte blanche to send them into an artificially intelligent nightmare machine. A source revealed that safeguards will be put in place to prevent Mickey and friends from taking drugs, committing adultery and engaging in other unseemly or illegal behavior. wall street journal. I’m sure absolutely no one will ever figure out how to get around these guardrails.
Of course, entertainment businesses need to stay ahead of trends and ensure they are relevant to the next generation of consumers. So partnering with OpenAI is an obvious way for companies to stay connected with kids. But if any company doesn’t seem to be in immediate danger of losing its children, it’s the company behind “The Lion King,” “The Little Mermaid,” “Donald Duck” and “Iron Man.”
It’s sure to be a fun adventure. Perhaps Disney’s deal with OpenAI will prove prescient and shrewd. I just hope Donald keeps his drink in check.
See you on Monday,
Alexei Oreskovitch
X:@lexnfx
e-mail:alexei.oreskovic@fortune.com
Submit a Deal for Term Sheet Newsletter here.
Joey Abrams curates the deals portion of today’s newsletter.Subscribe here.
risk trade
– harnessa San Francisco-based artificial intelligence platform designed to deliver code faster, raised $240 million in Series E funding. Goldman SachsSaxophone Lead this round and join intravenous injection, Menloventure capitaland abnormalventure capital.
– porta Middletown, Del.-based artificial intelligence agency designed to handle some of the tasks of software developers, raised $100 million in Series C funding. General Atlantic Investment Group Lead this round and join accelerator, BessemerStart a businessPartnersand 8 teams.
– on the edgea San Francisco-based developer of artificial intelligence agents designed for IT processes, raised $75 million in Series B funding. redwood Lead this round and join red dot, Meritek, firstroundand others.
– grow upA San Francisco-based artificial intelligence platform designed to accelerate data generation for scientists has raised $52 million in Series A funding. Hunancapital Lead this round and join luxcapital, Neo, State Food and Drug Administrationand others.
– Relational Artificial Intelligencea San Francisco-based enterprise decision intelligence platform, raises $22.5 million in funding snowflakeventure capital and AT&Tventure capital.
– havenvitalityis a Los Angeles, California-based solar and home battery technology company that raised $15 million in Series B funding. hugeventure capital Lead this round and join californiainfrastructurebank, Stone copper oreventure capital, Chuckventure capital, Comcastventure capitaland LerelHippo.
– new wisdomSan Francisco-based developer of Typecast platform for creating emotionally intelligent voice and video content, raised $11.5 million in Series C funding. invest Lead this round and join HBinvest, K2investand in the morninginvest.
– shieldis a global payments platform for exporters based in Bangalore, India, which raised $10 million in Series A funding. SusquehannaAsiaStart a businesscapital and altitudecapital.
– sub-meaningis a Palo Alto, California-based developer of non-surgically invasive, nanoparticle-based brain-computer interfaces that raises $10 million in funding goldfalconcapital.
– KilogramSan Francisco-based open source coding agency raises $8 million in seed funding. Kotacapital Lead this round and join breaker, Generalcatalyst, quietcapitaland Tokyoblack.
– existISan Francisco-based digital gifting platform raises $6 million in seed funding. Nifox Led the round and was joined by existing investors LerelHippo and FOkar.
– Severanceis a New York City-based enterprise security platform that raises $3.8 million in seed funding salespersonventure capital, excitationventure capital, DC conductivity, before/beforehandand Cambrianventure capital.
– ConwayThe London, UK-based AI conveyancing platform has raised $3.3 million in seed funding. Yika Venture Capital Lead this round and join folderventure capital and existing investors Founderfactory and angel investors.
– Domain securityis a Boston, MA-based secure data pipeline platform that raises $2 million in funding Presidioventure capital.
private equity
– longridgefairPartners Obtain a majority stake physicallyAIis a Boston, Massachusetts-based agent artificial intelligence platform designed for fund operations, priced at $55 million.
– Aretusa portfolio company RenovatedcapitalPartnersobtained veteransprojectis an IT modernization, cybersecurity, and cloud architecture company based in Rockville, Maryland, serving mission-critical government projects. Financial terms were not disclosed.
– rent synchronization,Depend on silversmithcapitalPartnersobtained space lista real estate listing market located in Vancouver, Canada. Financial terms were not disclosed.
quit
– perimetersolution Agree to acquire medicalmanufacturingtechnologyis a medical manufacturing solutions provider based in Charlotte, North Carolina, from arcinvestmanage $685 million.
– Green experiencegrasslandcare,Depend on windpoint of viewPartnersobtained turfMastersbranda lawn care company based in Roswell, Georgia, from center oakPartners. Financial terms were not disclosed.
Fund + Fund of Funds
– swishventure capitala Tel Aviv, Israel-based venture capital firm, has raised $100 million for a new fund focused on cybersecurity, infrastructure and artificial intelligence companies.
people
– nuclearInnovationcapitala venture capital firm based in Los Angeles, California, hired Michael J. Hsu Serve as venture capital partner. He most recently served as Comptroller of the Currency.