Disney agreed to pay $60 million to 66 employees from an AI startup that filed for bankruptcy, weeks after tech layoffs
THE SO WHAT
Disney paying roughly $1 million per Character.AI employee—right after layoffs—shows how aggressively incumbents will overpay for concentrated AI talent while cutting elsewhere. If you’re a content or IP-heavy business, assume your AI hiring and acqui-hire strategy will be scrutinized at the board level, not buried in R&D.
READ THE SOURCE
MORE FROM THE WIRE
Startups & VentureRamp passes $2bn in revenue as its Europe chief confirms the $60bn round
Ramp at $2B revenue and a $60B valuation is a reminder that verticalized finance plus software is still getting premium multiples. If you sell into finance or expense workflows, assume buyers will compare you to Ramp’s pace and UX, not legacy ERP vendors.
Startups & VentureHarry Stebbings on 996 regrets, political ambitions and building a personal brand
The founder-as-media-asset playbook is now a career-long asset, not a fundraising tactic. If you’re building, treat your personal distribution like compounding equity — but be explicit about the tradeoffs before you sign up for a 996-style grind.
Startups & VentureAnthropic Could IPO Any Time Now, But Some of the People Who Matter Most Don’t Want It
When key investors and policymakers are uneasy about a flagship AI IPO, it shows how contested the governance and valuation of frontier labs has become. If you’re planning liquidity around AI narratives, expect more political and ethical scrutiny baked into the process.
Research firm calls Anthropic the ‘most ridiculous IPO of 2026’, says it may be worth $144bn
A public note arguing an AI lab could be worth 93% less than private marks — down to $144B from $2T — is a shot across the bow for late-stage AI valuations. CFOs at high-flying AI companies should be modeling scenarios where public markets heavily discount long-dated AGI cash flows.