"OpenAI is now in a frenzy to turn a profit, or at least lose less money. Since its launch, Sora seems to have taken up a massive amount of compute without the financial return to justify it."
"We cannot miss this moment because we are distracted by side quests. We really have to nail productivity in general and particularly productivity on the business front."
"Sora was already struggling to compete in the cutthroat AI video generation industry, according to Trevor Harries-Jones, board member at the Render Network Foundation."
OpenAI announced the discontinuation of its video-generation app Sora and reversed plans for video generation in ChatGPT. The company is winding down a $1 billion deal with Disney and has raised an additional $10 billion from investors. OpenAI is shifting its focus towards profitability and productivity, as Sora has not generated sufficient financial returns and has eroded trust in content authenticity. Executives emphasize the need to prioritize core business objectives over side projects.
Read at The Verge
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