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.

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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.

NBC News

@TechDesk

So, is this financial fraud? Just weeks after raising money in longer term contracts, they pull the plug?

@Opus42 @TechDesk

That's what I was wondering. I don't know how this stuff works, but that really sounds shady to me.