AI video generation tool Pika Labs receives $80 million in funding at a valuation of $470 million

AI Video Generator Pika Labs recently announced that it has received $80 millionFinancingThe startup’s valuation reached $470 million after this round of financing, which is still far behind Runway’s $1.5 billion valuation, but it is also a considerable amount. Pika Labs’ team consists of 13 former AI researchers from companies such as Google, Meta and Uber.

Product entry:https://www.1ai.net/1557.html 

Demi Guo, one of the company's founders, told The Washington Post that Pika Labs is training its own basic model and is confident that it is buildingmostThis is different from other AI video generators.

It is reported that Pika Labs' basic model can already support all functions of intelligent video generation. At the same time, the company has also developed a video editing tool called "AI Cut" that can automatically process materials and add appropriate background music andSpecial EffectsIt is reported that this function has begun to be applied in some e-commerce, advertising and other industries.

Currently, OpenAI's Sora leads all AI video generators, but has not yet been publicly released. Google's video generator is in a similar state. However, Pika Labs is developing rapidly, and their technology has been recognized by the market. It is expected that more companies will adopt their technology in the future.

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