OpenAI shutting down Sora app
5 hours ago
- #AI
- #Sora
- #OpenAI
- OpenAI announced the shutdown of its Sora AI video-generation app.
- The closure comes ahead of OpenAI's expected initial public stock offering.
- OpenAI faced competition from Anthropic, which focuses on text and code generation.
- Sora's launch in 2024 raised concerns in the entertainment industry about displacing human creators.
- A second-generation Sora model with improved capabilities led to backlash from Hollywood.
- Disney had a three-year deal with OpenAI to use Sora for AI-generated videos, which is now canceled.
- Disney pledged to invest $1 billion in OpenAI as part of the agreement.
- OpenAI is reallocating computing resources from Sora to more lucrative tasks like coding and text generation.
- OpenAI recently raised $110 billion, valuing the company at around $730 billion.