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“Nvidia-backed platform that turns text into A.I.-generated avatars boosts valuation to $1 billion”

  • 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. “

https://www.cnbc.com/2023/06/13/ai-firm-synthesia-hits-1-billion-valuation-in-nvidia-backed-series-c.html

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