OpenAI Discontinues Sora AI Video Platform, Disney Terminates $1 Billion Partnership
OpenAI announced it will shut down its Sora AI video application, which launched last fall. The company expressed gratitude to users in a public statement. Following this development, Disney has withdrawn from a $1 billion investment agreement with OpenAI that was established last December. The deal involved licensing Disney characters for use in Sora and aimed to integrate the technology into Disney+. OpenAI, under CEO Sam Altman, continues to work on AI video tools through other platforms. Disney indicated it will pursue collaborations with other AI companies while emphasizing respect for intellectual property rights.
Key facts
- OpenAI will discontinue its Sora AI video application
- Disney has ended a $1 billion investment agreement with OpenAI
- The Disney-OpenAI deal was signed in December of last year
- Sora launched last fall and initially allowed free use of intellectual property
- OpenAI continues developing AI video technology through other channels
Entities
Institutions
- OpenAI
- Disney
- The Walt Disney Company
- BBC
Locations
- China
Sources
- ArtsJournal —
- BBC Culture —
- ARTnews —
- ArtsJournal —
- LA Times Arts —