OpenAI's Sora app, which quickly rose to the top of the App Store after its October launch, is now experiencing significant drops in downloads and consumer spending. Competition from other AI video apps and copyright issues have contributed to this decline. Despite reaching 9.6 million downloads, user interest appears to be waning.

Disney is investing $1 billion in OpenAI and will let users create videos featuring over 200 of its characters through the Sora app. The partnership aims to explore AI's role in storytelling while addressing copyright concerns. Disney is also using OpenAI's technology internally and pursuing legal action against companies it believes infringe on its copyrights.