Disney cancels $1 billion OpenAI partnership amid Sora shutdown plans

OpenAI's recently announced plans to shutter its Sora video-generating app have also scuttled the company's planned $1 billion licensing partnership with Disney, according to multiple press reports.

"As the nascent AI field advances rapidly, we respect OpenAI’s decision to exit the video generation business and to shift its priorities elsewhere," Disney said in a statement provided to media outlets. "We appreciate the constructive collaboration between our teams and what we learned from it...