March 28, 2026
OpenAI Shuts Down Sora Amidst Industry Shifts
OpenAI has announced the shutdown of its video-generation app, Sora, and the reversal of plans for video generation inside ChatGPT. This decision comes as the company winds down a $1 billion Disney deal and reshuffles high-level executives. The move highlights the shifting priorities within AI companies as they navigate competitive pressures and evolving market demands.
New Funding Rounds
Industry Moves
Rivian and VW Group have completed winter testing of their new zonal architecture, marking a significant milestone for their joint venture. This development opens up $1 billion in funding for Rivian, demonstrating continued investment in automotive innovation.
Policy & Regulation
US senators are pressing for mandatory annual electricity usage disclosures from data centers, reflecting growing concerns over the environmental impact of AI infrastructure. This move could lead to increased regulatory scrutiny on the tech industry's energy consumption.