“Nvidia-backed platform that turns text into A.I.-generated avatars boosts valuation to $1 billion”
June 13, 2023
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- Artificial intelligence-based video generation platform Synthesia has raised $90 million from investors, the company told CNBC exclusively.
- The round, which values the company at $1 billion, was led by venture capital firm Accel and backed by U.S. chipmaker Nvidia.
- Synthesia will use the cash to invest in AI research, advancing on collaborations with leading colleges like Munich’s TUM and London’s UCL. “