Beijing-based text-to-video startup AIsphere has raised over RMB 100 million ($13.8 million) in its newest A2 funding spherical from Ant Group, the fintech affiliate of Alibaba, lower than two months after the corporate raised greater than RMB 100 million. In response to Chinese language media outlet LatePost, which cited folks near Ant, the Alipay proprietor has made the transfer as a part of a method so as to add stand-out Chinese language AI ventures equivalent to ZhipuAI and Moonshot AI to its funding portfolio, whereas additionally growing its personal AI basis mannequin. Based final April by Wang Changhu, the previous imaginative and prescient expertise lead at ByteDance, AIsphere has touted plans to meet up with OpenAI’s Sora inside three to 6 months. PixVerse, the agency’s Sora-like instrument, has seen month-to-month visitors exceed 1.16 million following its launch in January, figures from third-party analyst platform SimilarWeb present. [LatePost, in Chinese]
