Mattel and OpenAI Join Forces to Revolutionize Toy Design with Sora 2 AI Video Model

Mattel partners with OpenAI on Sora 2 AI video model

Oct 6 (Reuters) - Toymaker Mattel (MAT.O), opens new tab is partnering with OpenAI to test the ChatGPT maker's artificial-intelligence video model Sora 2, OpenAI CEO Sam Altman said at the company's Developer Day conference on Monday. "Mattel has been a great partner working with us to test Sora 2 in the API (application programming interface) and see what they can do to bring product ideas to life more quickly. So one of their designers can now start with a sketch and then turn these early concepts into something that you can see and share and react to," Altman said. Monday's moves are the latest in a stream of announcements for OpenAI, which sparked the modern AI boom with the launch of ChatGPT about three years ago. Many of CEO Sam Altman's ambitions are bold and expensive, even by Silicon Valley standards, sparking some concern among tech investors about whether or not AI investments are a bubble. Reporting by Zaheer Kachwala in Bengaluru, Deepa Seetharaman and Kenrick Cai in San Francisco; Editing by Pooja Desai Our Standards: The Thomson Reuters Trust Principles., opens new tab

Mattel partners with OpenAI on Sora 2 AI video model

Monday's moves are the latest in a stream of announcements for OpenAI, which sparked the modern AI boom with the launch of ChatGPT about three years ago. Many of CEO Sam Altman's ambitions are bold and expensive, even by Silicon Valley standards, sparking some concern among tech investors about whether or not AI investments are a bubble. Toymaker Mattel is partnering with OpenAI to test the ChatGPT maker's artificial-intelligence video model Sora 2, OpenAI CEO Sam Altman said at the company's Developer Day conference on Monday. "Mattel has been a great partner working with us to test Sora 2 in the API (application programming interface) and see what they can do to bring product ideas to life more quickly. So one of their designers can now start with a sketch and then turn these early concepts into something that you can see and share and react to," Altman said. Monday's moves are the latest in a stream of announcements for OpenAI, which sparked the modern AI boom with the launch of ChatGPT about three years ago. Many of CEO Sam Altman's ambitions are bold and expensive, even by Silicon Valley standards, sparking some concern among tech investors about whether or not AI investments are a bubble.

Mattel And OpenAI Team Up: A New Era In Toy Design? - Mattel (NASDAQ:MAT), NVIDIA (NASDAQ:NVDA)

Toymaker Mattel Inc. (NASDAQ:MAT) will team up with OpenAI to test the ChatGPT maker's artificial intelligence video model, Sora 2. Altman Unveils Mattel Partnership to Test Sora 2 OpenAI's CEO, Sam Altman, announced the collaboration at the company's Developer Day conference in San Francisco on Monday. Altman expressed his satisfaction with Mattel's proactive approach to testing Sora 2 in their API (application programming interface), stating that the model has the potential to transform early concepts into tangible designs that can be shared and reviewed. This collaboration is the latest in a series of strategic moves by OpenAI, which has been a major player in the AI industry since the launch of ChatGPT three years ago. Despite the company's ambitious AI projects, some investors have expressed concerns about the sustainability of these investments. See Also: China Dodges US Export Controls, Buys $38 Billion In Chipmaking Equipment, Congress Report Says Mattel Deepens AI Push Amid Rising Competition And Market Scrutiny Mattel has been ramping up efforts to integrate AI into its products. The company first teamed up with OpenAI in June to explore new AI applications in its toy lines and digital products. This partnership is expected to yield its first outcomes later in the year. The toymaker has been facing stiff competition in the toy industry. Its iconic Barbie and Hot Wheels brands have been under pressure from Pop Mart's Labubu, which was on track to become a four-billion-dollar business by the end of the year. Benzinga's Edge Rankings place Mattel in the 74th percentile for quality and the 99th percentile for growth, reflecting its strong performance in both areas. Check the detailed report here. READ NEXT: Elon Musk Questions OpenAI's 'Nonprofit' Status After $500 Billion Valuation, Nvidia's $100 Billion Deal And AMD Stake Image via Shutterstock Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. MATMattel Inc$18.120.66%OverviewNVDANVIDIA Corp$186.540.81%ORCLOracle Corp$285.300.37%Market News and Data brought to you by Benzinga APIs

Mattel partners with OpenAI on Sora 2 AI video model

Toymaker Mattel is partnering with OpenAI to test the ChatGPT maker's artificial-intelligence video model Sora 2, OpenAI CEO Sam Altman said at the company's Developer Day conference on Monday. "Mattel has been a great partner working with us to test Sora 2 in the API (application programming interface) and see what they can do to bring product ideas to life more quickly. So one of their designers can now start with a sketch and then turn these early concepts into something that you can see and share and react to," Altman said. Monday's moves are the latest in a stream of announcements for OpenAI, which sparked the modern AI boom with the launch of ChatGPT about three years ago. Many of CEO Sam Altman's ambitions are bold and expensive, even by Silicon Valley standards, sparking some concern among tech investors about whether or not AI investments are a bubble.

Mattel partners with OpenAI on Sora 2 AI video model

(Reuters) -Toymaker Mattel is partnering with OpenAI to test the ChatGPT maker's artificial-intelligence video model Sora 2, OpenAI CEO Sam Altman said at the company's Developer Day conference on Monday. "Mattel has been a great partner working with us to test Sora 2 in the API (application programming interface) and see what they can do to bring product ideas to life more quickly. So one of their designers can now start with a sketch and then turn these early concepts into something that you can see and share and react to," Altman said. Monday's moves are the latest in a stream of announcements for OpenAI, which sparked the modern AI boom with the launch of ChatGPT about three years ago. Many of CEO Sam Altman's ambitions are bold and expensive, even by Silicon Valley standards, sparking some concern among tech investors about whether or not AI investments are a bubble. (Reporting by Zaheer Kachwala in Bengaluru, Deepa Seetharaman and Kenrick Cai in San Francisco; Editing by Pooja Desai)