"Sora was losing roughly a million dollars a day, according to a person familiar with the matter. The platform peaked at 1 million daily users before eventually dwindling to less than 500,000."
"Outgoing Disney CEO Bob Iger was telling investors in February that Sora-made videos would become part of a new short-form video offering on the streaming service Disney+."
"Disney apparently had no idea OpenAI was about to pull the plug on its whole AI video thing until just an hour before the move was announced."
OpenAI's video app Sora launched in September but is now shutting down due to significant financial losses and a decline in active users. The platform peaked at 1 million daily users but fell to less than 500,000. Sora was reportedly losing about $1 million a day. Disney had plans to integrate Sora-made videos into its streaming service Disney+, but was unaware of the shutdown until shortly before the announcement. OpenAI is now shifting focus to robotics for future endeavors.
Read at Kotaku
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