Disney quashes $1 billion deal with OpenAI after Sora video app shutters, vows to "continue to engage with AI…
Disney has canceled its planned $1 billion investment in OpenAI, reportedly due to the closure of OpenAI's Sora video app. The entertainment giant had intended to integrate user-generated AI videos onto its platforms like Disney Plus. Disney stated it will continue to engage with AI technologies.
- Entities
- Company: Disney
- Topic: Video Generation
- Topic: Artificial Intelligence
- Company: OpenAI
- Topic: Mergers and Acquisitions
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