OpenAI discontinues Sora and extends its funding round

OpenAI said on 24 March 2026 that it would discontinue the Sora app and developer API access to its text-to-video model, and that its funding round had been extended by a further $10 billion to $120 billion in committed capital.

Why it mattered Disney ended its licensing and investment deal with OpenAI in late March as a result of the Sora shutdown.