OpenAI announces the shutdown of Sora, shifting its strategy towards enterprise-level productivity tools.

OpenAI has announced the shutdown of its Sora video generation platform, including the app, API, and ChatGPT video functionality. The shutdown is primarily due to OpenAI's strategic downsizing in preparation for its IPO, shifting computing power to next-generation models like Spud and enterprise-level productivity tools. Simultaneously, OpenAI has terminated its three-year IP licensing agreement with Disney and secured a $1 billion investment offer.