The number of AI studios blanketing Hollywood, along with the VC dollars to power them, is increasing at an astonishing rate. Hollywood-focused video-generation platform Runway AI revealed a new cash raise of $315 million; Saudi Arabia led a $900 million funding round for Amit Jain’s startup Luma; all-purpose AI giant Anthropic raised $30 billion.
Source: The Fight Over AI in Hollywood Is a Battle Between Money and Activism