Alibaba deepens AI push with ShengShu investment
Alibaba's cloud division has led a $293 million funding round for ShengShu Technology, a Beijing-based startup developing AI video generation tools. The investment strengthens ShengShu's position in China's increasingly crowded AI sector, where it competes with major tech players like ByteDance and Kuaishou Technology.
Alibaba's cloud division has led a $293 million funding round for ShengShu Technology. The Beijing-based startup develops AI video generation tools, including the Vidu video generator. ShengShu also secured investment from Baidu Ventures and Luminous Ventures. The funding comes two months after ShengShu raised an additional $88 million. The company plans to use the funds to develop a general world model and expand its AI video generation capabilities. ShengShu's Vidu Q3 model supports up to 16 seconds of synchronized audio and video generation.
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