AI video startup PixVerse hits unicorn status after series C round

PixVerse, an artificial intelligence startup that generates photorealistic videos from text prompts, has joined the unicorn club after raising fresh capital, underscoring investors' soaring appetite for generative video tools despite mounting questions about copyright infringement and labor displacement. The funding milestone arrives as major tech companies race to commercialize video AI capabilities that could upend industries from filmmaking to advertising, even as regulators worldwide grapple with how to police the technology. The startup's ascent reflects a broader shift in venture capital away from large language models and toward multimodal AI systems that can produce the kind of visual content that has traditionally required armies of human creators.

Tech in Asia·Mar 13