VCs are betting billions on AI's next wave, so why is OpenAI killing Sora? | TechCrunch
About this article
Equity breaks down why OpenAI pulled the plug on Sora, what Meta’s back-to-back legal losses mean, and more of the week's headlines.
VCs are betting billions on AI’s next wave, so why is OpenAI killing Sora? Theresa Loconsolo , Anthony Ha , Kirsten Korosec , Sean O'Kane Mar 27, 2026 When an 82-year-old Kentucky woman was offered $26 million from an AI company that wanted to build a data center on her land, she said no. Sure, that same company can try to rezone 2,000 acres nearby anyway, but as AI infrastructure stretches further into the real world, the real world is starting to push back. That tension is everywhere this week, from OpenAI shutting down its Sora app to courts finally starting to hold social platforms accountable. On this episode of TechCrunch’s Equity podcast, Kirsten Korosec, Anthony Ha, and Sean O’Kane dig into what it looks like when the AI hype cycle meets reality. Listen to the full episode to hear about: Why rival prediction market CEOs of Kalshi and Polymarket are co-investing in a $35M VC fund How drone startups like Zipline, Lucid Bots, and Brinc are finding real traction where other robotics plays have stalled What Kleiner Perkins’ $3.5B raise says about where the biggest VC firms think the next AI wave is going Why two separate court verdicts against Meta in the same week could be the “tobacco moment” for social media Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. Theresa Loconsolo Audio Producer Theresa Loconsolo is an audio producer at TechCrunch focusing on Equity, the ...
