OpenAI is shutting down Sora's API next week while a chinese competitor just raised $3 billion. that's the whole story of ai video right now

OpenAI's Sora, which launched last September and briefly topped the app store, is shutting down its API on the 24th of this month, following the consumer app's closure in April and the evaporation of a Disney licensing deal. This contrasts sharply with Chinese competitor Kuaishou's Kling, which recently raised up to $3 billion at an $18 billion valuation, boasting significant revenue, including $95 million in a single quarter, with 75% from outside China. Other AI video companies like Synthesia and Heygen also show strong financial performance.