Overview
Alibaba's cloud division led a $293 million funding round for ShengShu Technology, a Beijing-based AI start-up founded in 2023, known for its Vidu AI video generation tool. The investment aims to support the development of a 'general world model' for content creation, targeting independent creators and animators. Baidu Ventures and Luminos Ventures also participated in this round, following ShengShu's previous $88 million Series A funding in February.
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Investors: Alibaba, Baidu Ventures, Luminos Ventures
Alibaba's cloud division led a $293 million funding round for ShengShu Technology, a Beijing-based AI start-up founded in 2023, known for its Vidu AI video generation tool. The investment aims to support the development of a 'general world model' for content creation, targeting independent creators and animators. Baidu Ventures and Luminos Ventures also participated in this round, following ShengShu's previous $88 million Series A funding in February.