Pika 1.0 artificial intelligence was introduced; Video production from text descriptions + video

Startup Pika Labs unveiled the artificial intelligence generator Pika 1.0. This artificial intelligence allows users to produce and edit videos in different styles, such as 3D animation, anime or film, through text descriptions. This company, which is only about 6 months old, has announced the fundraising of 55 million dollars.

Based on the information presented in the official blog of Pika company, this company wants to have a significant activity in the field of video production and editing by introducing Pika 1.0. It looks like Pica is a strong competitor to the popular Runway and Stability AI. Adobe also has activities in this field and wants to have artificial intelligence for video production and editing.

Pika says that their artificial intelligence, the initial version of which was released a while ago, is currently being developed by More than half a million people is used; It has also been said that the site of this artificial intelligence is open for registration and will gradually become available to more users; Pica has said that it wants to turn anyone into a creative video director and producer.

Pika generator artificial intelligence; A tool for making and editing videos

“Demi Guo” And “Chenlin Meng“, the creators of Pika artificial intelligence, were PhD students of Stanford’s artificial intelligence laboratory. Before studying at Stanford, Guo worked as an engineer in the AI ​​research department Meta was working; Chenlin Meng has also written a number of research articles in the field of artificial intelligence, including several articles related to generative artificial intelligence.

They launched the first version of Pica first in the Discord app. After the release of this artificial intelligence, users made millions of videos with it in a week. As a result, the high interaction of users with this artificial intelligence attracted the attention of investors; So that this company managed to attract at the same time of its establishment 20 million dollars It became capital.

Demi Guo, the CEO of Pika, says about the purpose of launching this artificial intelligence:

“We know well that producing quality content is difficult and expensive; We built Pica to give everyone, from home users to professionals, the tools to bring high-quality videos to life. “Our vision is to empower anyone to direct their own stories and give people the opportunity to unleash their inner creator.”

According to previous reports, productive AI investments are projected to increase from $16 billion in 2023 to $143 billion in 2027. Also, a survey showed that Generation Z is very receptive to artificial intelligence, with four out of five 13- to 17-year-olds using AI tools, apps, and services, including ChatGPT and My Snapchat.