From TipRanks:

Microsoft-backed OpenAI is making moves in Hollywood, despite concerns from writers and actors. Microsoft stock saw a slight increase as OpenAI explores partnerships with studios, executives, and agencies for their Sora video generator, capable of creating scenes from text instructions up to 60 seconds long.

OpenAI’s CEO, Sam Altman, was spotted at Academy Awards parties, showcasing the Sora system’s capabilities. This technology has the potential to disrupt the entertainment industry, leading Tyler Perry to pause an $800 million studio expansion plan. Perry expressed concern over potential job loss as AI advances in film production.

Analysts predict a 9.6% upside potential for Microsoft stock, with a Strong Buy consensus rating based on 31 Buys, one Hold, and one Sell in the past three months. The average price target for MSFT is $470.30 per share after a 54.02% rally in the stock price over the past year.



Read more at TipRanks: Microsoft-Backed OpenAI (NASDAQ:MSFT) Goes Hollywood