Walt Disney Co. chose three companies involved in artificial intelligence as among five chosen for its annual business incubator program.
This year’s class includes AudioShake, which uses AI to mix music tracks, ElevenLabs, which converts text to speech using an AI voice generator, and Promethean AI, which searches digital archives to help companies design prototypes for everything from video games to motorcycles.
For a decade, Disney has used its Accelerator program to mentor and invest in young technology companies. Previous participants include Epic Games, the video game maker Fortnite in which Disney planned to invest $1.5 billion this year.
The companies work with Disney employees and sometimes come up with products for the entertainment giant to use, such as 2015’s BB-8 toy droid. Burbank, California-based Disney announced this year’s lineup in a statement Wednesday.
The final two entrants are Nuro, which makes self-driving vans, and StatusPro, which uses virtual reality to create immersive sports-related experiences.
First print: February 23, 2024 | 12:22 pm IST