OpenAI Unveils Sora, AI Video Generation Tool, Amidst Busy Year of AI Product Launches

Jordan Vega

Jordan Vega

December 10, 2024 · 3 min read
OpenAI Unveils Sora, AI Video Generation Tool, Amidst Busy Year of AI Product Launches

OpenAI has finally released Sora, its AI video generation tool, to the public after launching it internally in February. This marks another milestone in the company's busy year of shipping generative AI products at a rapid pace. Sora is designed to generate hyper-realistic short videos with simple prompts, making it a promising tool for creators and businesses alike.

The tool is currently available to ChatGPT Pro subscribers, who pay $200 for access to the service. However, European countries will have to wait a little longer to get their hands on Sora, as the company has not yet specified a release date for the region.

In other tech news, the Central Bank of Kenya has lowered its benchmark interest rate by 75 basis points from 12% to 11.25%, citing a slowdown in inflation rates. This move is expected to stimulate borrowing activities in the country and encourage economic growth. Kenyan banks, which have been slow to lower their lending rates, have agreed to ease their rates progressively to mirror the Central Bank's rates.

In the cybersecurity space, the National Information Technology Development Agency (NITDA) has warned against a phishing malware called Grandoreiro, which targets unsuspecting victims through phishing links. The malware, which originated in Brazil, has spread globally and is now active in Africa. Users are advised to be cautious during the holiday season, when cyber fraud and identity theft are more prevalent.

In addition, Pan African Towers has appointed Oladipo Badru as its new acting CEO, following the departure of Azeez Amida. Badru, who previously served as the company's CFO, will be responsible for ensuring the company's continued growth and expansion.

Finally, the World Wide Web3 crypto tracker shows Bitcoin's current value at $97,074, with a 2.38% increase in the past day and a 22.63% increase in the past month. Ether's current value stands at $3,710, with a 5.84% decrease in the past day and a 16.64% increase in the past month.

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