openai OpenAI Kills Sora Video Tool Over Massive Daily Losses and Plunging Usage OpenAI shuts down its Sora video generator because it burns $1 million daily while user numbers collapse. The sudden closure allows the company to redirect computing power toward profitable enterprise products.
openai Disney and OpenAI Strike $1 Billion Deal to Solve Hollywood's AI Copyright Problem Disney invests $1 billion in OpenAI and licenses over 200 iconic characters for Sora, effectively solving the legal risks of AI generating copyrighted material. Experts say this win-win partnership focuses on controlling AI outputs rather than training data.
openai OpenAI Unveils Sora Video Generator as Airbnb Drops Cleaning Fees OpenAI launches Sora, an impressive AI model that generates highly realistic videos with a strong grasp of physics and 3D space. Other major tech stories include a new credit-score-based dating app and Airbnb's move to eliminate cleaning fees.
sag-aftra SAG-AFTRA Lead Negotiator Says Many Issues Remain Unresolved in Ongoing Strike Talks Despite recent progress, SAG-AFTRA's chief negotiator confirms that a significant number of unresolved issues are still on the table as the Hollywood strike continues.
apple Apple Unveils $3,499 Vision Pro Headset as Its First Major Product Since 2014 Apple introduces the Vision Pro, a high-end mixed-reality headset that allows users to navigate apps using their eyes and hands. The device launches early next year and features major partnerships with Disney and Unity.
disney Disney Pays $900 Million to Fully Acquire Streaming Tech Firm BAMTech Disney buys out Major League Baseball's remaining 15% stake in BAMTech for $900 million, securing 100% ownership of the technology that powers Disney+. This deal marks one of the final major moves by former CEO Bob Chapek.
disney Disney Uses AI to Preserve Darth Vader Voice After James Earl Jones Retires Disney partners with Ukrainian AI startup Respeecher to recreate the iconic Darth Vader voice using machine learning, with the full blessing of 91-year-old James Earl Jones. The technology successfully replicates how Jones sounded in the original trilogy rather than his current aged voice.
disney Disney Streaming Surpasses Netflix With 221 Million Total Subscribers The Walt Disney Company beats expectations by adding 14.4 million Disney+ subscribers in the third quarter, pushing its combined streaming audience past Netflix.
disney Disney Streaming Surpasses Netflix With 221 Million Total Subscribers The Walt Disney Company beats expectations by adding 14.4 million Disney+ subscribers in the third quarter, pushing its combined streaming audience past Netflix.
russia Major Western Brands Suspend Russian Operations Over Ukraine Invasion A growing number of multinational corporations halt business in Russia as the invasion of Ukraine triggers unprecedented economic isolation.
apps Parler Fails App Store Return While App Economy Surges Past TV The mobile app industry continues to break records as Americans now spend more time on apps than live TV, while Parler faces another App Store rejection over content moderation issues.
earnings Major Earnings Reports Highlight Challenges for Tech and Entertainment Giants Recent quarterly earnings from Disney, Cisco, Pinduoduo, and Beyond Meat reveal a mix of pandemic-driven losses and unexpected growth as companies navigate a shifting global economy.
disney plus Disney+ Reaches 73.7 Million Subscribers in Record-Breaking First Year Disney+ surpasses 73.7 million subscribers in its first year, easily smashing its original four-year goal. The rapid growth positions the streaming service as a formidable competitor to Netflix.
quibi Quibi Shuts Down After Just Six Months Despite Billions in Funding Quibi, the mobile short-form video platform founded by Jeffrey Katzenberg, is shutting down and returning its remaining funds to investors after failing to attract enough subscribers.
nasdaq Nasdaq Drops as Disney Earnings Disappoint While Cisco Surges The Nasdaq opens sharply lower as weak Disney earnings weigh on market sentiment, though strong results from Cisco provide a bright spot for investors.