The company will be majority-owned and controlled by OpenAI.


The company will be majority-owned and controlled by OpenAI.

Circles claims the so-called unified AI concierge connects customer experience, operations and revenue generation into a single intelligent layer.

Full OS and hardware control is the only path to seamless AI agent delivery.

EC said it was assessing the information, with large language models potentially being subject to DSA rules, but it would decide on a case-by-case basis.

The move comes as OpenAI streamlines its product portfolio.

Aside from funding the OpenAI stake increase, the company plans to use the loan facility for general corporate purposes.

Disney intends to continue engaging with AI platforms and exploring partnerships.

The financial terms and length of the deal are not available.

The smart glasses will compete against similar products from Apple, Google and Meta Platforms.

The move follows recent OpenAI partnerships with major Indian companies including JioHotstar, Pine Labs and PhonePe.
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