A year ago, I hopped on a call with Edward Saatchi, the C.E.O. of Fable Studio, to discuss his efforts to build the “Netflix of A.I.” Saatchi, the scion of legendary adman Maurice Saatchi, had just secured a fresh round of funding from Amazon, and was intent on creating an entirely new content platform—one where A.I., licensed I.P., and original I.P. could exist in endless, personalized iterations akin to a video game. For major Hollywood studios and rights-holders, however, Fable was the perfect illustration of the threat posed by A.I.
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