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Alibaba leads US$60 million investment in AI video generation start-up AIsphere

The Beijing-based start-up behind the popular artificial intelligence video generator PixVerse has raised US$60 million in a funding round led by Alibaba Group Holding, the largest single amount raised by a domestic AI video generation firm, according to an announcement on Wednesday.Other participants in the funding round included Singapore-headquartered venture capital firm Antler and the Beijing Artificial Intelligence Industry Investment Fund. A valuation was not disclosed.The deal comes as C...

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