This week in artificial intelligence startup news, Manas AI was created with the goal of shortening cancer drug development timelines, and Intel invested in chip company Baya Systems. Meanwhile, ElevenLabs raised $250 million, and Synthesia raised $180 million. LinkedIn Co-Founder Launches Manas AI for Cancer...
British artificial intelligence (AI) firm Synthesia is now a $2.1 billion company. The London-based firm announced Wednesday (Jan. 15) that it had raised $180 million in new funding to help develop its platform for creating and publishing AI videos. “Four years ago, we brought the world’s first AI avatars...
Artificial intelligence (AI) video tools, including Adobe’s latest release, are transforming corporate media by enabling rapid, low-cost custom content creation. The Firefly Video Model, part of Adobe’s Creative Cloud suite, leverages licensed footage and AI to enable rapid video production while navigating potential legal and...
Meta’s new Movie Gen artificial intelligence (AI) video creation tool could level the playing field for small businesses in the digital marketplace, experts say. Movie Gen joins an expanding list of AI-powered video generation tools. In recent months, several major players have introduced or enhanced...
October 08, 2024
Meta’s new Movie Gen artificial intelligence (AI) video creation tool could level the playing field for small businesses in the digital marketplace, experts say. Movie Gen joins an expanding list of AI-powered video generation tools. In recent months, several major players have introduced or enhanced their offerings in this space. Industry analysts predict Movie Gen’s […]
July 04, 2024
The promise of artificial intelligence to generate images from simple text prompts has captured imaginations, with tools like DALL-E and Midjourney producing visuals. Yet, as users push the boundaries of...
January 26, 2026
British AI startup Synthesia is now a $4 billion company after raising $200 million. The company, which makes artificial intelligence avatars for businesses to use for in-house and external communication, announced its Series E funding round Monday (Jan. 26), with the venture capital arms of Google and Nvidia among the investors. Synthesia says it plans to use the […]
January 15, 2025
British artificial intelligence (AI) firm Synthesia is now a $2.1 billion company. The London-based firm announced Wednesday (Jan. 15) that it had raised $180 million in new funding to help develop its platform for...
October 17, 2023
If you’re searching for unicorns, you might want to look in the generative AI space. A report published Tuesday (Oct. 17) by venture firm Accel says generative artificial intelligence (AI) companies are now the...
June 13, 2023
British generative AI firm Synthesia has become a “unicorn” after raising $90 million. The company announced the Series C funding on its LinkedIn page Tuesday (June 13), saying the financing had raised its...