Source: Tech – South China Morning PostThe Beijing-based start-up behind the popular artificial intelligence video generator PixVerse has raised US$60 million in a funding round led by Alibaba Group Holding, the largest single amount raised by a domestic AI video generation firm, according to an announcement on Wednesday.
Other participants in the funding round included Singapore-headquartered venture capital firm Antler and the Beijing Artificial Intelligence Industry Investment Fund. A valuation was not disclosed.
The deal comes as…Read More