Bob Iger has announced his next career move following his resignation as CEO of The Walt Disney Company. He will join Thrive Capital, a venture capital firm, in an advisory capacity.

According to The Wall Street Journal, which first reported the news, Iger will work closely with Thrive’s staff on investment strategies and engage with founders of companies within Thrive’s portfolio.

Among these founders is Sam Altman, CEO of OpenAI. Iger previously collaborated with Altman on a proposed $1 billion deal between OpenAI and Disney. However, the agreement collapsed after OpenAI discontinued its generative AI video software, Sora.

Source: The Wrap