Sam Altman arrived in Los Angeles for Vanity Fair’s Oscar afterparty earlier this month with OpenAI on the verge of licensing its Sora video generation tools to Hollywood studios, only to pull the plug on the project weeks later. According to the Wall Street Journal, Sora proved to be an expensive mistake.

A recent report from the Wall Street Journal provides further insight into OpenAI’s sudden decision to shut down its highly anticipated video-generation product that was positioned as the natural successor to ChatGPT’s breakthrough success. The decision caught major partners off guard, including Disney, whose chief executive Bob Iger had…

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