Activist Investor Urges Disney to Adopt AI, Eyes 129% Stock Surge

Activist investor Blackwells Capital is pressing Disney to appoint a corporate chief technology officer and focus on a technology transformation, emphasizing the potential for artificial intelligence (AI) to significantly boost the company's stock price. According to Blackwells, as reported by Reuters, effectively harnessing AI could result in Disney's stock price rising by as much as 129%. This push for an AI strategy comes amid critiques that Disney is lagging in AI implementation.