Luma AI Raises $900M at $4B Valuation as CEO Claims Ray3 Model Beats OpenAI's Sora
Summary
Luma AI secures $900 million in funding at a $4 billion valuation, with CEO Amit Jain claiming their Ray3 reasoning model outperforms OpenAI's Sora as the visual content generation startup plans to build a massive 2-gigawatt compute cluster and expand aggressively into India and emerging markets.
Key Points
- Luma AI raises $900 million in funding led by Saudi-based Humain public investment fund, with the company now valued at $4 billion
- The visual content generation startup plans to use the capital to develop advanced AI systems and build a 2-gigawatt compute cluster for model training
- CEO Amit Jain states the company's Ray3 reasoning model outperforms OpenAI's Sora on multiple benchmarks and plans aggressive expansion into India and emerging markets