Elon Musk’s xAI Corp. has acquired Hotshot, a startup that develops artificial intelligence models optimized for video generation tasks. Hotshot Chief Executive Officer Aakash Sastry announced the ...

Runway AI Inc. today announced that it has closed a $308 million funding round led by General Atlantic. The growth equity firm was joined by several other investors including Fidelity, Baillie Gifford ...

AI voice generation platform ElevenLabs plans to further its reach globally ahead of an initial public offering, the company's CEO Mati Staniszewski told CNBC. ElevenLabs is considering Paris, ...

Two years after the launch of ChatGPT, return on investment in generative AI has been elusive, but one area stands out: software development. So-called code generation or “code-gen” startups are ...

Artificialintelligence (AI) video generation startup Runway has launched a $10 million venture fund to back early-stage startups, according to a report by TechCrunch on Tuesday. The New York-based ...