Entertainment
An AI 'gold rush.' What to know about OpenAI's record $40-billion funding round
SAN FRANCISCO — ChatGPT maker OpenAI this week announced it raised a whopping $40 billion as it races to dominate a competitive AI landscape against tech giants like Google, and rivals including Anthropic and Chinese upstart DeepSeek.
The investment was the highest ever raised for a startup and places OpenAI at a $300-billion valuation, tying it with TikTok parent company ByteDance and behind the $350-billion valuation for Elon Musk’s SpaceX, according to research firm CB Insights.
“It’s a gold rush of epic proportions of gold rushes before,” said Ben Bajarin, chief executive and principal analyst at San José-based consulting firm Creative Strategies. “They’re not sitting on hoards of cash like Amazon, Microsoft and Google … they have to raise that money in order to compete with those three companies and that’s what you’re seeing.”
OpenAI’s funding round shows how much investors are willing to pour into technology that has the potential to disrupt entertainment, healthcare, education and other major industries. The rising popularity of ChatGPT, released in 2022, set off a race among tech companies that could change how people work.
The ability of AI-powered chatbots to quickly generate text and images has sparked concerns among some creatives over how AI models are trained and copyright holders are compensated. But tech companies have also pointed to AI’s potential benefits such as combating diseases and climate change.
Here’s what to know:
How does the deal work?
Softbank said it plans to fund up to $30 billion of the $40-billion investment round and will syndicate no more than $10 billion to other co-investors.
Softbank has the option to reduce its amount of investment to $20 billion if OpenAI does not change its business structure to a for-profit business by the end of this year, according to a person familiar with the matter who was not authorized to comment.
OpenAI began as a nonprofit in 2015 and later launched a for-profit subsidiary to oversee its commercial operations. The company is exploring changing the for-profit subsidiary to a public benefit corporation.
Elon Musk, who founded xAI, opposes OpenAI’s restructuring plan because he believes it veers away from the company’s founding principles and misleads investors. Meta also raised concerns about the transition, telling California Atty. Gen. Rob Bonta in a letter last year that it would have “seismic implications for Silicon Valley” because investors would have an incentive to launch organizations first as nonprofits and benefit from tax-free donations.
What will OpenAI use the money for?
OpenAI said the funding will help the San Francisco-based company conduct AI research, release more powerful tools for the 500 million people who use ChatGPT weekly and grow its computing infrastructure such as data centers. People use ChatGPT to quickly generate text and images, search, brainstorm and complete other tasks.
“This investment helps us push the frontier and make AI more useful in everyday life,” said OpenAI’s Chief Executive Sam Altman in a statement.
Softbank, which led the investment round, said it’s backing OpenAI because the company is the closest to achieving what’s known as artificial general intelligence. OpenAI describes AGI as “AI systems that are generally smarter than humans,” making it possible for people to get help with any tasks. Softbank also cited an effort called Stargate they announced with President Trump in January to invest $500 billion in AI infrastructure over the next four years.
About $18 billion of the investment round will go toward Stargate, according to a person familiar with the matter who declined to be named.
“Their support will help us continue building AI systems that drive scientific discovery, enable personalized education, enhance human creativity, and pave the way toward AGI that benefits all of humanity,” OpenAI said in a post announcing the funding round.
Bajarin said OpenAI will need to expand its infrastructure to power the use of its AI tools. After OpenAI released a new image generator in March that people used to turn themselves into Studio Ghibli-style characters, the startup warned of delays as it dealt with a surge in traffic.
How will this affect the race to dominate AI?
OpenAI still faces plenty of competition from rivals.
“No one knows who’s going to be the winner in AI, and it’s probably not one winner,” said Mike Gualtieri, vice president and principal analyst at Forrester, a research and advisory firm based in Massachusetts.
Rivals such as Google and Meta already gather a trove of valuable data on their users and created apps used by billions of people, he said. Startups don’t always end up winning the race against their more established rivals. Blackberry, for example, dominated the market with a device that paired a phone with a physical keyboard — until Apple introduced its groundbreaking iPhone with a touchscreen.
OpenAI also faces competition from China, where startups such as DeepSeek claim they can compete against ChatGPT at a much lower cost.
“In order to compete with DeepSeek, you got to be better than DeepSeek, and they need this kind of money to do just that,” said Gene Munster, managing partner at Minneapolis-based Deepwater Asset Management.
It’s unclear whether the multibillion-dollar bets on AI’s future will pay off for investors, but infrastructure such as data centers is still a valuable asset for companies.
AI companies could make money from their models by striking business partnerships and releasing applications for consumers and businesses. “You need to get some data to be unique, to have some value, or they need applications,” Gualtieri said.
Jeffrey Wlodarczak, a principal and senior analyst at Pivotal Research Group, said he wouldn’t rule out ChatGPT as a big contender in the AI race against tech giants.
“The big question is … to win, do you have to spend the most?” Wlodarczak said.
Movie Reviews
Movie Review 2025 with 11 Films of the Year
Image: Wicked: For Good – Movie Poster
Another year is drawing to a close, and it’s time for our cinema review! In 2025, we saw many franchises return to the big screen, along with sequels to cult classics and new adaptations of legendary stories. From sci-fi and horror to musical adaptations, a wide range of genres offered fresh releases. Whether all of it was truly great is for everyone to decide individually – here is our trailer recap!
While Disney continues to push its live-action remake strategy (Snow White, Lilo & Stitch), Pixar at least delivered a brand-new animated feature with Elio.
When it comes to video game adaptations, several titles were released this year – most notably the Minecraft adaption A Minecraft Movie starring Jack Black and Jason Momoa, the second installment of Five Nights at Freddy’s, and the Until Dawn film, which was heavily criticized by the community.
In Germany, Bully Herbig delivered a sequel to his comedy Der Schuh des Manitu with Das Kanu des Manitu, bringing the characters from one of his most successful films back to the big screen.
Just before Christmas, James Cameron launched the third part of his hit film series Avatar. Sequels also arrived for Jurassic World, the DCU, the Conjuring universe, and the popular animated film Zootopia.
Director Guillermo del Toro took on a new adaptation of the absolute sci-fi horror cult classic and novel by Mary Shelley: Frankenstein has now been brought back to life by the creator of films such as Pacific Rim and The Shape of Water.
When it comes to adaptations, arguably the most popular musical of the year: with Part 2, the Wicked hype has returned once again.
Entertainment
Why Gen Z and Gen Alpha are feasting on TV comfort food
John Campbell is a senior vice president at Walt Disney Co. who oversees streaming ad sales solutions. He also coaches his second-grade daughter’s basketball team, and recently asked her teammates to name their favorite TV show.
“Eleven out of 13 girls said ‘Hannah Montana,’ ” Campbell said in a recent interview, citing the popular Disney series starring Miley Cyrus that produced its last episode in 2011, before any of his players were born.
Campbell was pleased they selected a show from the Disney library, but wasn’t all that surprised based on the advertising demand he’s seeing for the company’s vintage shows.
A recent study from National Research Group found that 60% of all TV consumed is library content. Among Gen Z, 40% say they watch older shows because they find them comforting and nostalgic. Disney’s own research finds that 25% of the programs kids call their favorites were made before 2010.
While newer cutting-edge series typically win critical kudos and accolades, Gen Z and Gen Alpha viewers are binge-watching programs that became hits on the broadcast and cable networks in the pre-streaming era. They are also devouring holiday movies and specials, even on traditional TV.
“We do see, especially around the holiday time, that people are looking for that comfort, that sense of ease,” Campbell said.
As more TV ad spending moves from traditional networks to streaming, Campbell said Disney is capitalizing on the retro trend thanks to its massive library of series. The company has seen the Gen Z audiences devour hits of yesteryear such as “How I Met Your Mother,” “Modern Family” and “Golden Girls.”
Miley Cyrus and Emily Osment in Disney’s “Hannah Montana.”
(Joel Warren/2006 Disney Channel)
“Scrubs” and “Malcolm in the Middle” are such strong performers on Hulu and Disney+, the company has ordered reboots that advertisers are eager to be a part of, according to Campbell. Disney has even worked with advertisers to make throwback commercials to run in classic films on its streaming platforms and TV networks.
“The younger audience is drawn to the perceived simplicity of the old times and humor,” Kavita Vazirani, executive vice president of research, insights and analytics, ABC News Group & Disney Entertainment Networks. “It’s programming that just makes them feel good, and it’s something that they can watch with their friends, their families.”
Older shows have long had a place among young viewers. Previous generations grew up watching reruns of “The Brady Bunch” and “I Love Lucy” after school, when their choices on broadcast TV were scant.
But the current viewer has an endless plethora of viewing choices through streaming and cable. One executive at another media company not authorized to comment publicly cited research that said teens and young adults are gravitating to the more conventional sitcoms and dramas from the early 2000s, believing they were made explicitly for their age group.
During the era, the WB Network — later merged into the CW — was turning out young adult dramas such as “The Gilmore Girls” and “Dawson’s Creek,” while the Disney Channel was at the height of its popularity. “Friends,” the idealized rendering of urban life for young adults and long a favorite on streaming, was the ratings leader at the time.
The appetite for such programs showed up in the most recent “Teens and Screens” study by the Center for Scholars & Storytellers @ UCLA found that among the 10- to 24 year-olds, 32.7% said they want to see “relatable stories that are like my personal life.” The previous year, the top answer was fantasy, which ranked second in 2025.
But another reason young viewers are digging into the vaults is volume.
The UCLA survey showed that the favorite show among the measured age group is the Netflix series “Stranger Things.” The series has only 42 episodes over five small-batch seasons.
When a young viewer finds an older successful series that ran on a network for years when 22 episodes per season was standard, they can binge for hundreds of hours.
“There are a lot of seasons of available episodes that you can watch, in typically any random order you want to,” said Nii Mantse Addy, chief marketing officer at the streaming service Philo, which also has seen a sharp rise in viewing of library programs.
“There’s not as much decision fatigue,” Addy said. “The shows provide something that you can go back to and just turn on and know kind of how it’s going to make you feel.”
Executives also say that binge-watching old shows provides a respite from the angst young people experience while scrolling through social media, which escalated through the COVID-19 lockdowns.
But social media have also been a tool to help consumers discover new programs. Fans of vintage series post TikTok videos reacting to episodes that first aired years ago. There are also fan communities online and “re-watch” podcasts that are driving people to seek out programs.
“Social media has been quite a catalyst for essentially introducing these old shows to a whole new audience, whether it’s through memes, viral clips or whatever it may be,” Vazirani said. “It’s like the modern day water cooler, essentially.”
Movie Reviews
Movie Review – The Testament of Ann Lee (2025)
The Testament of Ann Lee, 2025.
Directed by Mona Fastvold.
Starring Amanda Seyfried, Lewis Pullman, Thomasin McKenzie, Matthew Beard, Christopher Abbott, David Cale, Stacy Martin, Scott Handy, Jeremy Wheeler, Tim Blake Nelson, Daniel Blumberg, Jamie Bogyo, Viola Prettejohn, Natalie Shinnick, Shannon Woodward, Millie-Rose Crossley, Willem van der Vegt, Esmee Hewett, Harry Conway, Benjamin Bagota, Maria Sand, Scott Alexander Young, Matti Boustedt, George Taylor, Alexis Latham, Lark White, Viktória Dányi, and Roy McCrerey.
SYNOPSIS:
Ann Lee, the founding leader of the Shaker Movement, proclaimed as the female Christ by her followers. Depicts her establishment of a utopian society and the Shakers’ worship through song and dance, based on real events.
The second coming of Christ was a woman. Narrated as a story of legend and constructed as a cinematic epic, co-writer/director Mona Fastvold’s The Testament of Ann Lee tells the story of the eponymous 18th-century preacher who occasionally experienced divine visions guiding her on how to teach her and her followers to free themselves and be absolved of sin.
This group, an offshoot of Quakers known as Shakers, did so by stimulating and intoxicating full-body rhythmic dancing movements set to many hymns beautifully sung by Amanda Seyfried and others. The key distinction between the group, and arguably the toughest selling point of the film aside from the religious nature of it all, is that Ann Lee asserted that the only way to achieve such pure holiness is by giving up all sexual relations, living a life of celibacy (as evident by some laughter during the CIFF festival screening when she made this decree, which quickly subsided as it is relatively easy to buy into her mission and convictions).
It shouldn’t necessarily come as a surprise that Mona Fastvold had trouble getting this one off the ground. Perhaps what finally secured the project’s financial backing was all those awards The Brutalist (directed by her husband Brady Corbet and co-written by her, flipping those duties and credits this time around) either won or was nominated for, which was notably another film that almost no one had interest in making. The point is that this should serve as a reminder that there is an audience for anything and everything.
Whether one doesn’t care about religious movements or is a nonbeliever, The Testament of Ann Lee is remarkably hypnotic in its craftsmanship. It features a flat-out career-best performance from Amanda Seyfried, who blends all of her strengths as an actor and unleashes them at the peak of her talent. Yes, there are moments of tragedy and trauma, but the film refuses to wallow in misery, chartering her Shakers movement with hope, miracles, and perseverance as the journey takes them from Manchester to Niskayuna, New York, in search of expanding their follower base while dealing with other setbacks within the movement and personally.
Chronicling Ann Lee’s life with precise editing that rarely drags (and mostly fixates on the early stages of the Shakers movement and decade-plus long attempt to battle sexism as a female preacher and find a foothold amidst escalating tensions between British and Americans), the film also offers insight into the events that gave her a repulsion for sexual intimacy, her marriage with blacksmith Abraham (Christopher Abbott), and dynamics with her most loyal supporters which includes brother William (Lewis Pullman) and Mary (Thomasin Mckenzie, also serving as the narrator). Given the unfortunate nature of how most women, especially wives, were expected to have zero agency compared to their male counterparts and deliver babies, it is also organically inspiring watching her find a group with similar beliefs willing to trust her visions and take up celibacy. Whether or not all of them succeed is part of the journey and, interestingly enough, shows who is genuinely loyal and in her corner.
This is no dry biopic, though. Instead, it is brimming with life and energy, mainly through those “shaking” sequences depicting those outstandingly choreographed seizure-like dance numbers (typically shot by William Rexer from an elevated overhead angle, looking down at an entire room, capturing a ridiculous amount of motions all weaving together and creating something uniformly spellbinding). The songs throughout are divinely performed, adding another layer to this film’s transfixing pull. Nearly every image is sublime, right up until the perfect final shot. Admittedly, the film loses a bit of steam in the third act as one awaits a grim confrontation with naysayers who feel threatened by her position, movement, and pacifism regarding the burgeoning American Revolution.
Still, whatever reservations one has about watching a religious movement preaching peace and celibacy while laboring away building a utopia (an aspect that puts it in great juxtaposition with The Brutalist) will wash away like sin. That’s the power of the movies; even someone who isn’t religious will find it hard not to be swept up in Ann Lee’s life. Fact, fiction, bluff… it doesn’t matter; the material is treated with conviction and non-judgmental respect. In The Testament of Ann Lee, Amanda Seyfried channels that for something holy, empowering, infectious, and all around breathtaking.
Flickering Myth Rating – Film: ★ ★ ★ ★ / Movie: ★ ★ ★ ★
Robert Kojder
https://www.youtube.com/watch?v=embed/playlist
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