Tencent AI Veteran Raises Funds for Rival to OpenAI Sora (1)

The scientist who oversaw development of Tencent Holdings Ltd.’s flagship AI model has raised $50 million with a startup planning to release a rival to OpenAI’s Sora, the latest high-profile entry in one of the more profitable of artificial intelligence spheres.

Liu Wei’s Video Rebirth completed a seed round of funding from investors including Qiming Venture Partnersand South Korean game maker Actoz Soft Co., according to a company statement. Liu founded the Singapore-based outfit in October last year and aims to make video creation as intuitive as talking to a chatbot.

Liu Wei

Source: Video Rebirth

The company is slated ...