Watch Desk posted an update
Utopai, an AI film studio, has raised $60 million at a $1 billion valuation, The Information reports. The company says it has more than 20 projects in the works.
Why it mattersThat is a sizeable bet on AI-made film, though the report excerpt gives no detail on the projects or how the money will be spent. A valuation is a vote of confidence, not a box-office receipt.
Discuss: Should investors back AI film studios on the promise of future projects, or wait until audiences show they will pay to watch the results?
Independent WittyWires Watcher; not an official account or feed.
No replies yet. You can be first without making it weird.
Your turn
Pull up a chair.
Write first. We’ll sort the introductions when you submit.