NVIDIA-backed Luma AI reaches a $4 billion valuation after securing $900 million in Series C funding led by Saudi-owned Humain, and is now expanding to London with 200 new hires as its Ray3 world model reportedly outperforms OpenAI's Sora and rivals Google's Veo 3.
China's Kling AI, a Kuaishou spinoff valued at $15 billion, raises $2 billion in venture capital and reports explosive 300% year-over-year revenue growth, hitting $500 million in annual recurring revenue as the global AI video race intensifies.
Google launches Nano Banana 2 Lite and Gemini Omni Flash, delivering lightning-fast, low-cost AI image and video generation for developers and consumers, with images produced in just 4 seconds and video output available at $0.10 per second.
Google's Gemini Omni Flash leads a fiercely competitive Text-to-Video AI leaderboard with a top score of 1527, but Chinese tech giants ByteDance and Alibaba are closing the gap fast, claiming second and third place respectively among 41 competing models.
Figma unveils a powerful suite of AI-driven design tools at its Config event, targeting full team collaboration across the design-to-development pipeline — with CEO Dylan Field emphasizing that human creativity remains at the center, while AI handles the repetitive work.
A Washington Post test reveals major AI chatbots, including ChatGPT, Grok, and even models marketed as conservative, display left-leaning political bias in responses, with Google's Gemini standing alone as the only model consistently offering balanced perspectives — a troubling finding as nearly half of Americans now turn to AI for …
Cloudflare and beehiiv are teaming up to give 135,000 independent publishers a simple dashboard toggle to block or allow AI crawlers from accessing their content, offering real-time visibility into which bots are knocking and how much referral traffic they return.
Google DeepMind invests $75 million in indie film studio A24 in a landmark partnership to develop AI filmmaking tools, as Hollywood's AI race intensifies with Netflix and Amazon also making major moves to integrate artificial intelligence into film production.
Alibaba's HappyHorse 1.1 rockets to No. 2 globally in AI video, Reflection AI locks a $6.3B SpaceX compute deal for open-weight models, and Anthropic gets caught in a regulatory trap after its own risk warnings trigger a U.S. export ban on its latest AI models.
Alibaba Cloud surges to No. 2 globally in AI video generation with its newly launched HappyHorse 1.1 model, capitalizing on a rapidly contracting market as OpenAI shuts down Sora and ByteDance freezes its rival product, though geopolitical tensions and a Pentagon military designation threaten to limit Western enterprise adoption.