On Friday, a startup called Fable announced an ambitious, if head-scratching, plan to recreate the lost 43 minutes of Orson Welles’ classic film “The Magnificent Ambersons.”

Why is a startup that bills itself as the “Netflix of AI,” and that recently raised money from Amazon’s Alexa Fund , talking about remaking a movie that was first released in 1942?

Well, the company has built a platform that allows users to create their own cartoons with AI prompts — Fable is starting out with its own intellectual property, but it has ambitions to offer similar capabilities with Hollywood IP . In fact, it’s already been used to create unauthorized “South Park” episodes .

Now Fable is launching a new AI model that can supposedly generate long, complex narratives. Over the next two years, fil

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