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Artificial intelligence
TechTech Trends

Chinese fintech firm claims priority access to Sora API through Microsoft amid new text-to-video AI frenzy

  • Beijing-based Sinodata said a deal with Microsoft will give it priority access to OpenAI’s new Sora model when it is available on Azure
  • Company shares jumped 10 per cent in Shenzhen on the news as tech firms race to assure investors of their readiness for the latest AI breakthrough

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OpenAI’s Sora, which generates videos up to a minute long based on text prompts, has ignited a fresh flurry of excitement in China as companies race to capitalise on the latest artificial intelligence trend. Photo: AFP
Kelly Le
A Chinese fintech firm is already attempting to take advantage of OpenAI’s Sora by claiming it will have priority access to the application programming interface (API) through Microsoft’s Azure system, in the latest example of how mainland businesses are rushing to associate themselves with cutting-edge generative artificial intelligence (AI) tools that are often not directly made available in the country.

Beijing-based Sinodata said it will be one of the first companies to apply for a Sora API subscription once the text-to-video tool becomes available on Azure, the cloud computing platform of Microsoft, which is OpenAI’s biggest backer. In a statement on its website on Tuesday, the company said it held a business seminar with Microsoft China on the potential application scenarios of Sora.

Sinodata will gain priority access by joining Microsoft’s AI Cloud Partner Programme, according to the statement, and become one of the US tech giant’s solution partners for data and AI in a deal the company signed last month.

Founded in 2003, Sinodata listed on the Shenzhen Stock Exchange in 2012. The company focuses on technology related to generative AI, Web3 and the digital yuan, according to its website. Its enterprise services include banking and data centre solutions.

Shares of Sinodata jumped 10 per cent on the news, reaching 14.40 yuan (US$2) before trading was suspended for reaching the daily limit.

Since OpenAI released demo videos generated by Sora last Friday, Chinese businesses and other parts of the tech community have shown strong interest in using the AI model. As with ChatGPT, though, some have expressed concerns about China’s ability to compete in this area.
OpenAI does not make its services directly available in China, along with a handful of countries that are sanctioned by the US. It also blocks Hong Kong internet protocol (IP) addresses, but Microsoft makes its Copilot products, which rely on OpenAI’s GPT models, available in the city.
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