Pica Labs Text-To-Video Gen AI Scores $55 Million, XR Companies In The Money

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    Pica Labs' text-to-video generation AI platform raises $55 million. The round was led by Lightspeed Venture Partners and included investors including Homebrew, Conviction Capital, SV Angel, Ben's Bites, and notable investors including Quora founder Adam D'Angelo, former GitHub CEO Nat Friedman, and Giphy co-founder Alex Chung. Angel investors participated. Pika was co-founded by Demi Guo and Chenlin Meng, former PhD students at Stanford University's Artificial Intelligence Institute. Before attending Stanford University, Mr. Guo worked as an engineer in his AI research division at Meta, and Mr. Meng co-authored many of his AI research papers, including one on generative AI.

    Hololight raises $12 million for XR streaming. The Innsbruck, Austria-based company is focused on providing secure AR and VR enterprise solutions through Hololight Hub. The round was led by European growth equity firm Flatz Hoffmann, with support from existing investors EnBW New Ventures, Bayern Kapital and Future Energy Ventures. This investment brings the total amount raised by the company to his $27 million.

    Thirdverse VR game developer raises $8 million. Founded in 2020, this virtual reality game development, distribution, and management company has two studios in Japan and the United States. This latest round of investment brings the company's total funding to an impressive $38 million, including initial capital raised prior to the company's separation on May 1, 2021. Titles include swordplay VR title “Altair Breaker,” multiplayer VR. X8, a shooting game developed by the company's American studio, and Soul Covenant, which will be released early next year.

    VRgineers raises $6 million. The Series A round was led by Taiwania Capital, a VC based in Taipei. VRgineers announced the new XTAL 3 CAVU MR headset, powered by advanced AMD and NVIDIA chips, at I/ITSEC 2023 in Orlando. I/ITSEC presents simulation, education, modeling, and training technologies at the annual Services/Interindustry Training, Simulation, and Education Conference (I/ITSEC). Information exchange between industry, military and educational communities. The company goes beyond headsets and offers fully integrated simulation systems for ultra high-def headsets.

    Varjo launches new Ultra HD MR headset. The Finnish startup, which has raised more than $140 million to date, debuted the XR-4 with twin 4K displays at I/ITSEC. Pass-through MR is enabled by two 20-megapixel external cameras. The XR-4 costs $3,900, which is cheaper than Apple's upcoming MR Vision Pro.

    Xreal Air 2 smart glasses simulate a 330-inch screen. Xreal Air2 is one of the category leaders in reflective smart glasses that simulates a giant high-resolution screen for users to see from 10 feet away. The AR glasses can be paired with mobile phones, PCs, handheld game consoles, and any display that benefits from an incredibly large 330-inch screen on the go. Beam accessories allow you to anchor large virtual screens anywhere in your environment.

    Solos AirGo3, wearable ChatGPT. The new Solos AirGo3 smart glasses may look like regular frames, but they're powered by ChatGPT, making them more than just other audio smart glasses, and they're affordable at $199.99. What it lacks is a display, but what it does provide is a great wearable AI experience for users on the go. Solos AirGo3 features a new noise-suppressing voice recognition technology named “Whisper.” In our casual testing, we had music playing in the car while it understood commands.

    Film director Daniel Moreno took director David Fincher's description of movie theaters as “stinky and dirty” as inspiration for this fake trailer. Generated by Midjourney and Runway. According to Moreno, he went from initial idea to final cut in 12 hours.

    “I started with a mid-journey storyboard that I edited with Photoshop generative fill to keep the character's look consistent in each shot,” said the London filmmaker. ryan phillips (Also known as Uncanny Harry on X). “I recorded the dialogue in my own voice and used Voice AI to give the characters individual voices. I then used Runway and Pika to animate Midjourney's images. Within five years, we might be able to make photorealistic movies from our bedrooms, and even faster with animation-style AI movies. The speed of change is whiplash-inducing, and every week… Keeping up with technology developments is a job in itself, but for me, creating AI videos is the most exciting creative space.”

    This week's XR is also a podcast Hosted by this column's authors, Paramount Global futurist Ted Shirowicz and Magic Leap founder Ronnie Abowitz. This week's guest is Joe Hunting, director of “We Met in VR” (HBO).A critically acclaimed documentary film was shot about him Overall In VR chat.we can be found at spotify, iTunesand YouTube.

    what we are reading

    The Next 5 Big Things in Metaverse, AR, and VR in 2023 (Fast Company)


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