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Melius, an AI advertising platform founded by a former Ramp engineer, raised a $20 million Series A led by CRV. It had also raised a $5 million seed round led by General Catalyst, for $25 million in total funding.
The AIGC online film series Dream of Floating Life, produced by iQIYI and Changxin Media as part of Soul Ferry, surpassed RMB 10 million in revenue sharing. The first two films, Butterfly Dream and Dream of the Heavenly Maiden, launched exclusively on August 22 and recouped their production costs in the first week, with revenue sharing exceeding RMB 8 million in the first month. The third, Princess's Dream, launched October 1 and boosted interest in the series. The production method combines AI technology with transferred live-action performances; production created nearly 500 character assets, nearly 800 scene assets, and nearly 200 key-prop assets.
The Runway AI Summit closed with Runway co-founder and co-CEO Cristóbal Valenzuela reflecting on the evolution of generative video and introducing Continuum, the latest project from Runway Labs. Sign up to get notified when the full talks are available at https://summit.runway.com/talks
Google DeepMind and A24 have announced their first research-focused partnership, a long-term collaboration across several projects that will involve A24 and its filmmakers in shaping new technology. Google has also invested in A24. Initial work will focus on bridging frontier technology and next-generation entertainment, with specific goals and technical outputs to evolve over time.
