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Moonvalley raises $84 million to bolster AI video tools - The Economic Times

Economic Times

Economic Times · 1m ago

Moonvalley raises $84 million to bolster AI video tools - The Economic Times

Moonvalley, an AI research firm, has raised $84 million, led by General Catalyst, to enhance its AI video tools. The funding, supported by CoreWeave and others, aims to meet enterprise demand, expand the content library, and develop new features. This follows the release of Moonvalley's first professional video AI model. The move highlights growing interest and legal challenges in generative video tech as major players seek to integrate AI in the entertainment industry.

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Introducing 'Eye on AI': The Economic Times' brand new page on Artificial Intelligence

Economic Times

Economic Times · 1y ago

The Economic Times is launching a new page on Artificial Intelligence called Eye on AI. In preparation for this, they used three different video AI tools to create a behind-the-scenes video showcasing the process of conceptualizing and creating the new page. You can check out the results of these different models in the video.

Israeli cyber startup Noma Security raises $100 million in private funding round - The Economic Times

Economic Times

Economic Times · 28d ago

Israeli cyber startup Noma Security raises $100 million in private funding round - The Economic Times

Israeli cybersecurity startup Noma Security has secured $100 million in a private funding round, increasing its total funds to $132 million. The company focuses on safeguarding enterprise data and AI models against AI agents. The funds, led by Evolution Equity Partners and others, will bolster its operations and R&D in North America, Europe, the Middle East, Africa, and Tel Aviv. This reflects the active funding and acquisition landscape in Israel's cybersecurity sector amid rising cyberattack threats.

Adobe acquires Bengaluru-based AI startup Rephrase.ai

Money Control

Money Control · 1y ago

Adobe acquires Bengaluru-based AI startup Rephrase.ai

Adobe has acquired Rephrase.ai, an AI-driven video creation startup based in Bengaluru. This marks Adobe's first generative AI acquisition in India. The deal's financial details have not been disclosed. As part of the acquisition, Adobe will also absorb the majority of Rephrase.ai's employees, including the founders. Rephrase.ai offers text-to-video generation platforms and tools with over 50,000 users. This acquisition will help Adobe expand its video capabilities and strengthen its in-house video editing platform, Creative Cloud. The news was reported by the Economic Times.

84% Gen Z consumers rely on GenAI for news interpretation: Google, Kantar report - The Economic Times

Economic Times

Economic Times · 20d ago

84% Gen Z consumers rely on GenAI for news interpretation: Google, Kantar report - The Economic Times

A Google and Kantar report, "Bridging the Gap: Reimagining News for Gen Z," surveyed over 4,000 Gen Z respondents across 40 markets. It revealed 84% of Gen Z use AI for deeper news insights, while 43% verify messages before sharing, and 49% distrust reports from unverified accounts. Gen Z values credible, emotionally resonant news. Social media is the primary news source for 91% of respondents. English is preferred for reading, while local languages dominate audio and video news.

AI entertainment startup Dashverse raises $13 million from Peak XV Partners, Z47, others - The Economic Times

Economic Times

Economic Times · 17d ago

AI entertainment startup Dashverse raises $13 million from Peak XV Partners, Z47, others - The Economic Times

Dashverse, an AI entertainment startup based in Bengaluru and San Francisco, has raised $13 million in Series A funding led by Peak XV Partners, with existing investors also participating. The company, using its AI platform Frameo AI, helps creators craft video-based stories, engaging in the trend of short-form content. With its app, DashReels, surpassing five million users, the funding will enhance AI technologies and support expansion plans, targeting global storytelling markets.

Meta launches AI-based video editing tools

Economic Times

Economic Times · 1y ago

Meta launches AI-based video editing tools

Meta Launches AI-based Video Editing Tools Meta, the parent company of Facebook, has unveiled a set of AI-powered video editing tools that leverage its advanced machine learning capabilities. These tools aim to make video editing more accessible and user-friendly, allowing creators to easily enhance their videos with various effects, filters, and editing features. With this move, Meta aims to empower creators and enhance the overall video editing experience on its platforms.

Software productivity platform CodeKarma raises $2.5 million from Prosus, Accel, others - The Economic Times

Economic Times

Economic Times · 23d ago

Software productivity platform CodeKarma raises $2.5 million from Prosus, Accel, others - The Economic Times

CodeKarma, a software productivity platform, raised $2.5 million in funding led by Prosus, Accel, and others. The funds will be used for product development, innovation, expansion into the US market, and new hires. The platform aids developers and AI by providing real-time insights to enhance software development. CodeKarma aims to manage complexity within AI-driven software creation, targeting enterprises with significant product and workforce changes, integrating with AI tools for improved debugging and refactoring.

FanTV raises $3 Mn to transform AI-powered content creation

Entrackr

Entrackr · 6m ago

FanTV raises $3 Mn to transform AI-powered content creation

FanTV, a content platform on the Sui blockchain, has secured an additional $3 million in strategic investment from Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital. Prior to this, the company had raised $5.5 million from Multicoin Capital, Woodstock Fund, Krafton, IOSG Ventures, Pravega Ventures, and Tykhe Block Ventures. Founded in 2023 by Prashan Agarwal, FanTV blends AI and blockchain technology to empower content creation. It operates on the Sui blockchain and has attracted over 8 million users, including 80,000 creators, with more than 30 million transactions and 1.2 million hours of AI-generated content processed each month. According to FanTV, creators produce music, videos, podcasts, web series, and vlogs using cutting-edge AI tools. The platform supports both emerging talent and established influencers, featuring creators like TrevinVSNFT, Sui’s top content creator, Bitcoin educator Kashif Raza, CryptoIndia, BlockFuel, and rising digital voices like MrBreadSmith. Beyond making content creation effortless, FanTV is redefining how creators monetize their work. Through AI-powered tools, digital tipping, and personalized Creator Coins, it allows users to support their favorite creators while giving creators direct ownership of their content. FanTV’s economic model combines paid AI-powered content creation features with engagement rewards, allowing users to purchase credits for premium AI tools, tip and gift creators, and even launch their own digital tokens to offer exclusive content and foster deeper community engagement. FanTV plans to develop advanced AI tools for creators, expand its global creator network, and enhance user growth strategies. The platform’s unique approach to merging AI with blockchain capabilities ensures a decentralized ecosystem that prioritizes creator ownership, fair value distribution, and new opportunities for digital creators worldwide.

Adobe’s new AI tool turns silly noises into realistic audio effects

The Verge

The Verge · 1m ago

Adobe’s new AI tool turns silly noises into realistic audio effects

Adobe is introducing AI tools in its Firefly app for generating sound effects using onomatopoeia-like recordings and guiding video compositions. These new tools enhance creative control, offering sound effects generation through recorded noises and text descriptions, alongside reference-guided video composition. The tools allow for creating various sound effects and blending them with video content seamlessly. Enhanced features include keyframe cropping and style presets, improving user experience in generative AI video and audio creation.

RegTech startup Zango AI raises $4.8 million from Nexus Venture Partners, others - The Economic Times

Economic Times

Economic Times · 1m ago

RegTech startup Zango AI raises $4.8 million from Nexus Venture Partners, others - The Economic Times

Regtech startup Zango AI raised $4.8 million in a funding round led by Nexus Venture Partners. The funds will expand teams in Bengaluru and London and develop AI-native compliance tools. Founded in 2024 by Ritesh Singhania and Shashank Agarwal, Zango automates compliance using regulation-specific large language models, aiding clients like Novobanco and Monzo. The startup aims to modernize financial regulation management, integrating AI with human expertise to ensure comprehensive compliance solutions.

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