Luma AI Raises $900M at $4B Valuation as CEO Claims Ray3 Model Beats OpenAI's Sora
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.