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Equity

VCs are betting billions on AI's next wave, so why is OpenAI killing Sora?

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 27 March 2026

⏱️ 36 minutes

🧾️ Download transcript

Summary

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.  Chapters:  00:00 Intro  00:30 Would you turn down $26M for your farm?  03:56 Rivals Kalshi & Polymarket CEOs are investing together  10:28 Deals for drones: Zipline, Brinc & Lucid Bots  18:17 Kleiner Perkins goes all-in on AI with $3.5B raise  22:52 OpenAI shuts down Sora  28:04 Meta gets hit with dual verdicts  34:56 Outro  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

presented by Dot Tech Domains, where tech founders find sharp, memorable names for their tech startups.

0:05.9

Hello and welcome back to Equity TechCrunch's podcast about the business of startups.

0:10.8

I'm Kirsten Korsak, transportation editor here at TechCrunch, and I'm joined by our weekend editor, Anthony Haugh, and senior reporter, Sean O'Kane.

0:19.1

And I have an important question for Anthony.

0:21.3

I'm going to start with you.

0:22.5

I want you to pretend you have a farm

0:24.9

and a data center would like to pay you $26 million

0:31.5

to sell a part of your farm.

0:35.1

Would you take the money?

0:36.3

I'd like to think that the answer would be no.

0:39.1

But you know what?

0:40.1

Like somebody offer me $26 million and then we'll see.

0:42.8

You know, like it's hard to know until someone's actually made the offer.

0:45.8

But just to be clear, as you're sort of implying here, we have a high profile story where

0:51.1

the answer was no.

0:52.1

It was a woman in Kentucky.

0:53.7

She has a

0:54.5

1,200-acre family farm. I mean, it's a farm owned by her family. I guess 1200 acres

1:01.3

is probably not a family farm at that point. But they basically said, no, we're not taking

1:05.9

this $26 million to build a data center on our property. Well, you'll never guess what we were able to clear with our legal team, Anthony, but we have the check right here. So it's time to put up or shut up. Now I need to find 1,200 acres to sell. I think, I mean, I think what's interesting about this story, I mean, it's just sort of colorful that it's, you know, this 82-year-old Ida Huddleston.

1:35.5

And I think also, but it illustrates how opposition to data center construction seems to be coalescing.

1:37.7

And I think that, I mean, obviously this is one family.

...

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