Posted 2/16/2024, 9:04:00 PM
OpenAI's New Sora Text-to-Video Tool Sends Adobe Stock Tumbling
- OpenAI introduced Sora, a text-to-video generator that can create realistic videos from text prompts
- Sora seen as competition for Adobe's Creative Cloud products
- Adobe stock dropped over 7% on Friday following Sora announcement
- Drop took Adobe stock below support levels including 50-day moving average
- OpenAI CEO promoted Sora on X, formerly Twitter, posting example videos like "Two golden retrievers podcasting"