ETtech Explainer: Why is OpenAI shutting down Sora, its text-to-video app?

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OpenAI is shutting down its Sora video generation platform, including its app, API, and ChatGPT integrations, just over a year after its December 2024 launch. This decision follows internal debates about computational costs and a strategic shift towards more revenue-generating areas like coding and robotics, potentially in preparation for an IPO.