Commentary: Sora's demise doesn't mean the AI bubble is bursting anytime soon

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ChatGPT would like you to know that, despite what you may have heard on social media, the abrupt closing of Sora, OpenAI’s nascent platform for creating video shorts, “does not” mean that the public is increasingly disenchanted with AI-generated video content.Or “AI slop” as it is known in online vernacular.Yes, ChatGPT concedes, Sora experienced a “sharp and early collapse in momentum” after it soared to No.

1 on the App Store in October, and yes, that decline was “more severe” than with other similar apps, but there are Many Other Factors.Including but not limited to intense competition, copyright disputes, legal “concerns” over deepfakes and misinformation, shifting priorities, failed business agreements (especially Disney’s concurrent decision to walk back its $1 billion investment) and the standard cost versus profitability argument — Sora cost way more, in terms of money and compute resources, than it brought in.Add to that the specter of potential lawsuits — intensified, perhaps, by the strike against unregulated media creation, with Meta being found liable for millions in New Mexico and Los Angeles a day apart — and a potential IPO, and it does indeed feel like a perfect storm of issues led OpenAI to ax those parts of its business that are not performing well.ChatGPT insisted that “Sora wasn’t failing because nobody wanted it.

It actually went viral and gained huge interest, and AI video is still a crowded and growing space.That’s not,” the bot added rather testily, “what ‘rejected by the public’ looks like.”Calm down, ChatGPT — if you blow a gasket, OpenAI is in real trouble.

Hollywood Inc.OpenAI said Tuesday it would shut down its Sora AI visualization tool.

Disney had planned to invest $1 billion in the company to license its characters to the video platform.I realize that you have skin in the game (and that you als...