The Information:

Sources: AI video startup Runway is looking to raise ~$500M at a $5B+ pre-money valuation; rival Luma AI aims to raise $1.1B+ at a $3.2B+ pre-money valuation  —  Startups that use artificial intelligence to make videos for Hollywood studios and amateur filmmakers are getting thirsty for more capital.

The Information:

Sources: AI video startup Runway is looking to raise ~$500M at a $5B+ pre-money valuation; rival Luma AI aims to raise $1.1B+ at a $3.2B+ pre-money valuation  —  Startups that use artificial intelligence to make videos for Hollywood studios and amateur filmmakers are getting thirsty for more capital.

Source: TechMeme
Source Link: http://www.techmeme.com/250805/p48#a250805p48