Daily brief
OpenAI has shut down its Sora video generation tool and terminated a major, multi-billion dollar partnership deal with Disney. The company's CEO is also shifting his responsibilities as OpenAI prepares for a new internal AI model codenamed 'Spud'. The surprise move has reportedly caught Disney off guard and marks a significant strategic pivot for the AI firm.
Oil prices surged above $100 a barrel and financial markets swung after an announcement by President Donald Trump on Iran, with reports that some traders placed approximately $500 million in bets just minutes before he revealed a delay to a military strike (ongoing coverage).
A large explosion and fire at the Valero oil refinery in Port Arthur, Texas, shook homes miles away and sent a huge smoke plume into the air, with authorities advising nearby residents to stay indoors.
Amazon Web Services reported a disruption in its Bahrain region following drone activity in the area, which caused the Sadapay app to go offline.
Namibia has denied Starlink an operating license, stating the satellite internet service's ownership structure does not comply with local rules requiring significant Namibian ownership.