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.
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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.
Pika Labs' base model is reportedly ready to support all the features of intelligent video generation. The company has also developed a video editing tool called "AI Cut" that can automatically process the footage, add the right background music to the video 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.