OpenAI's Sora is an AI tool designed to transform small pieces of text into videos, showcasing its capabilities earlier this year. Despite concerns about its delayed release amidst strong competition from other AI video tools like Luma Labs and Runway, Sora offers unique features that set it apart. These include the ability to remix video elements, re-cut scenes, blend different videos, and apply style presets to change the video's aesthetic. While the tool is part of the ChatGPT plus and pro subscriptions, it is currently expensive and has usage limits due to high demand. The video highlights Sora's strengths in research and engineering, predicting that similar quality tools might become freely available on local machines within a year. The speaker expresses excitement about the potential for AI to democratize video creation, allowing anyone to become a film director in the future.