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- Scriptic has raised $5.7 million for its storytelling platform
- Runway, a video maker, secures a $141 million funding
- Inflection AI, a competitor to OpenAI, had raised $1.3 billion in new funding
Scriptic has raised $5.7 million for its storytelling platform
Immersive storytelling platform Scriptic secures $5.7 million in funding led by Bitkraft Ventures with participation from the Amazon Alexa Fund and Tower 26 to reinforce its assortment of AI-generated cellular video games, merging movie, TV and gaming into an interactive telephone expertise.
Scriptic has raised a complete of $8.2 million and attracted consideration within the cellular gaming sector. They just lately secured $2.5 million preliminary seed funding from notable buyers reminiscent of Vgames, Moonfire, and Kevin Lin (co-founder of Twitch).
Scriptic makes use of generative AI to push the boundaries of narrative creation. Their interactive productions mix AI expertise, together with generative language fashions, diffusion fashions, and audio synthesis, to create compelling live-action experiences.
Scriptic has over 1 million app downloads and over 100 million Tiktok views.
Runway secures $141 million funding
There may be large development in generative AI funding. Runway, which focuses on AI instruments for multimedia content material creators, introduced an enlargement of its Sequence C funding of $141 million in investments led by notable tech giants like Google, Nvidia, Salesforce and others.
Runway has raised $50 million in Sequence C funding. Runway’s complete funding is $237 million.
In keeping with Runway, the brand new funds shall be used to scale up the corporate’s inner analysis initiatives and increase its workforce.
Through the years, Runway’s focus has steadily shifted to generative AI, notably on the video aspect. Gen-2, the corporate’s present flagship product, is an AI mannequin that creates films from written clues or an current picture.
Inflection AI had raised $1.3 billion in new funding
In keeping with Forbes’ newest report, Inflection AI has secured $1.3 billion in new funding backed by Microsoft, Nvidia and billionaires Reid Hoffman (founding father of Linkedin), Invoice Gates and Eric Schmidt.
Inflection’s newest funding spherical values the corporate at $4 billion. CEO Mustafa Suleyman, previously of DeepMind, says the funding will help their improvement of an AI assistant referred to as Pi.
Our earlier publish said that Inflection AI had raised $225 million.
Inflection’s AI mannequin, Inflection-1, outperforms GPT-3.5 and PaLM-540B in a number of metrics and excels in center and highschool stage exams and customary sense benchmarks. Nevertheless, it falls brief in encryption in comparison with GPT-3.5, whereas OpenAI’s GPT-4 outperforms all rivals.
Inflection, Nvidia and CoreWeave have teamed as much as create a complete AI coaching cluster with 22,000 Nvidia H100 GPUs, making it one of many largest on the earth.
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