00:00It's Benzinga bringing Wall Street to Main Street.
00:02OpenAI said Tuesday it will shut down its Sora AI video generation app, according to NBC News.
00:08In a post on X, OpenAI, it will provide timelines for the app and API along with details on
00:14preserving user work. The closure comes ahead of an expected initial public offering in the
00:19coming months. OpenAI has faced pressure from rival Anthropic, which focuses on text and code
00:24generation. Sora launched in 2024 and raised concerns in the entertainment industry about
00:29replacing human creators. A second generation model released in September added audio and
00:34improved physics, increasing concern from Hollywood. Disney's planned deal with OpenAI is not proceeding
00:40following the decision. OpenAI executives said the company is narrowing its focus and cannot
00:45do everything at once. For all things money, visit Benzinga.com.
Comments