Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
Zhipu AI Stock Jumps on Report of Custom AI Chip Development Plans 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices 
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO 
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
SK Hynix’s $28 Billion U.S. Share Sale Draws Massive Demand Amid AI Chip Boom 
Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast 
EU to Propose New Rules Limiting Children's Access to Social Media 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
OpenAI has officially shut down Sora, its AI-powered video generation tool, in a move that blindsided partners and staff alike — and effectively ended a landmark deal with Walt Disney Co. The decision marks a major strategic pivot for the ChatGPT maker as it prepares for a highly anticipated IPO.
Just 30 minutes after Disney and OpenAI teams wrapped up a Monday evening meeting focused on Sora-related work, Disney executives were blindsided by news that the tool was being discontinued. OpenAI made the cancellation public the following day. "It was a big rug-pull," said one source close to the matter who requested anonymity.
The shutdown terminates what had been a high-profile $1 billion, three-year agreement between the two companies — announced just three months prior. Under the deal, Disney planned to invest $1 billion in OpenAI and license over 200 of its iconic characters for use in AI-generated video content. However, the agreement never formally closed, and no funds were exchanged.
Internally, OpenAI leadership had debated Sora's future for some time. The AI video platform demanded substantial computing resources, limiting capacity for other teams. Still, some Sora employees were caught off guard when the news broke Tuesday morning — just one day after the company published a blog post on Sora safety standards.
The decision reflects OpenAI's sharpened focus on higher-margin opportunities, including enterprise software, coding tools, robotics, and the development of artificial general intelligence. The company is consolidating its suite of AI capabilities into a single super-app, signaling a leaner, more commercially driven direction ahead of its stock market debut.
Meanwhile, competition in the enterprise AI space continues to intensify. Rivals like Anthropic have built strong developer loyalty through products such as Claude Code, raising the stakes for OpenAI's pivot.
Disney said it respects OpenAI's decision, and both parties are reportedly exploring alternative partnership opportunities.
