Disney’s $1B Investment In Open AI DOA As Sam Altman Pulls Sora Plug: “The Deal Is Not Moving Forward”
#Disney #OpenAI #Sam Altman #Sora #investment #cancellation #AI
📌 Key Takeaways
- Disney's $1 billion investment in OpenAI has been terminated.
- OpenAI CEO Sam Altman confirmed the deal is not proceeding.
- The investment was specifically tied to OpenAI's Sora project.
- The cancellation marks a major setback for Disney's AI ambitions.
📖 Full Retelling
Disney’s much heralded $1 billion investment in Open AI is over as the Sam Altman-led tech giant will be shuttering its standalone Sora text-to-video app “The deal is not moving forward,” an insider tells Deadline of the agreement then House of Mouse CEO Bob Iger reached last year with Altman. It is unclear how much […]
🏷️ Themes
Business Deal, Artificial Intelligence
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Original Source
Disney’s much heralded $1 billion investment in Open AI is over as the Sam Altman-led tech giant will be shuttering its standalone Sora text-to-video app “The deal is not moving forward,” an insider tells Deadline of the agreement then House of Mouse CEO Bob Iger reached last year with Altman. It is unclear how much […]
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