OpenAI Secures $120bn Funding Total and Shutters Viral Sora AI App
OpenAI raised an additional $10 billion, bringing its total funding round to $120 billion, CFO Sarah Friar said. The company is discontinuing its viral Sora AI video app and API to focus on enterprise AI offerings and robotics.
1. Additional $10 Billion Funding Raises Valuation
OpenAI announced that it has secured an extra $10 billion from investors, lifting its funding round to a record $120 billion. CFO Sarah Friar highlighted strong demand from backers eager to capitalize on the company’s AI leadership and growth prospects.
2. Sora AI Video App Discontinuation
The company is shutting down Sora, its short-form AI video app and API, six months after its launch. Resources will be redirected toward developing business- and coding-centric tools and robotics solutions to address real-world physical tasks.
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