Funds Pour Into Chinese AI Startups Challenging OpenAI’s Sora in Video Generation
In February, the American tech giant OpenAI, known for developing ChatGPT, unveiled a text-to-video model named Sora Venture capital investors are pouring hundreds of millions of yuan into China’s burgeoning video generation startups, betting on their potential in the artificial intelligence race to rival OpenAI’s text-to-video model Sora. This week, two leading Chinese generative AI startups announced the successful closure of their latest funding rounds, with each securing more than 100 million yuan ($14 million). Both aim to catch up with Sora in the coming months.
Venture capital investors are pouring hundreds of millions of yuan into China’s burgeoning video generation startups, betting on their potential in the artificial intelligence race to rival OpenAI’s text-to-video model Sora.
This week, two leading Chinese generative AI startups announced the successful closure of their latest funding rounds, with each securing more than 100 million yuan ($14 million). Both aim to catch up with Sora in the coming months.
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