OpenAI has announced it is shutting down its Sora video-generating service, weeks after raising $110 billion in fresh funding. In October, the Sora 2 app became the most popular in the iOS App Store's Photo and Video category and in December, the Walt Disney Co. announced it had reached a three-year deal with OpenAI to bring many of its characters to Sora, pledging a $1 billion investment. Here's more from NBC.

OpenAI shutting down Sora video-creation app
OpenAI will soon shut down its Sora AI video-generation app, the company said in a surprising announcement Tuesday."We’re saying goodbye to Sora," the company wrote in a post on X. "We’ll share more soon, including timelines for the app and API and details on preserving your work."The closure of the resource-intensive AI app comes ahead of an expected initial public stock offering from OpenAI in the coming months.