Disney's $1B Investment In Open AI DOA As Sam Altman Pulls Sora Plug: “The Deal Is Not Moving Forward”

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 of the $1 billion Disney had handed over to the IPO inclined Open AI and when and how they would be getting the money back — if at all. Right now, as the increasingly consumer facing Open AI l ...