BusinessOpenAI cuts funding target to $20 billion, FT reportsfunding
Every SLOP TV News story about funding.
BusinessOpenAI cuts funding target to $20 billion, FT reports
BusinessKuaishou closes Kling AI financing at reported $18B valuation
BusinessUtopai Studios raises $60M at $1B, The Information reports
NationA
NationA raises 8.5 billion won for AI video platform
The South Korean company says the Series A takes its cumulative funding to 11.7 billion won, while Seoul Economic Daily puts the raise at about $5.9 million.
sonilo
Sonilo raises $11M to build video-native AI audio
The San Francisco startup, founded by veterans of TikTok's AI and music teams, says its Sound World Model reads footage to generate matching music and sound effects.
Amazon
Amazon in talks to buy Decart for about $7 billion, WSJ reports
The price would be a premium of about 75% on the nearly $4 billion valuation Decart carried after its May 2026 round, and follows Anthropic's September walk-away.
Nvidia
Nvidia in talks to acquire or invest more in Reflection AI
The Financial Times reported early-stage talks that could end in a full purchase, an acqui-hire, or a deeper investment in the $800 million-backed startup.
Kling
Report: Kling AI picks banks for $1 billion Hong Kong IPO
Kuaishou's Kling also unveiled its Kling 4.0 model on September 28, doubling single-pass clips to 30 seconds and previewing up to 10 keyframes.
ElevenLabs
ElevenLabs doubles its valuation to $22B in a tender offer
A $300 million employee share sale led by Wellington and T Rowe Price values the voice AI company at twice its February round.
VideoGen
VideoGen raises $3.3M as it passes 5 million users
The Y Combinator-backed platform sells finished, editable videos rather than clips, and says its agents now work in more than 190 countries.
Higgsfield
Higgsfield says it crossed a $1 billion revenue run rate
The AI video startup says it reached a $1bn run rate 18 months after launch, and published every prompt behind its 95-minute feature film.
Sand.ai
Wangsu pays 300M yuan for 4.4% of video startup Sand.ai
The Shenzhen filing values Sand.ai near $1 billion, roughly 196 times what the video-model maker's first half of 2026 annualises to.
General Intuition
World-model startup General Intuition raises $220M at $6.2B
A year after spinning out of game-clip platform Medal, the lab says its MIRA model renders training footage at 20 frames per second across four players.
China
China is subsidising AI film studios, and Douyin is drowning in them
Reuters reports 221,900 new AI shows landed on Douyin in six months and only 1,055 cleared 100 million views, while cities compete to hand filmmakers cheap rent and compute.
Brahma AI
Brahma AI raises $150M at a $2B valuation from Multiples
Multiples Alternate Asset Management put in $100 million through preferred shares, and Brahma says it has another $100 million of investor interest still to place.
HiDream
HiDream.ai's HiDream V1 Video Model Debuts at 1080p With Synced Audio
HiDream.ai's new omnimodal model can pick its own clip length between 5 and 20 seconds, and the company says it debuted at No. 4 and No. 8 on two video leaderboards.
Pocket Entertainment
Pocket FM hits a $500M run rate with AI making 99% of new shows
Parent company Pocket Entertainment reportedly seeks $100 million to $120 million at up to a $2 billion valuation, and says AI made production about 80 times cheaper.
Stability AI
Stability AI raises $76M with all 3 major music labels on board
The August 25 Series B, also joined by Electronic Arts, brings Stability AI's total to $232 million and gives Universal, Sony and Warner a stake in a company that also makes video models.