Generative AI has seeped into all fields of art, and video making is not an exception. Pika is the most popular AI tool that can generate videos with a simple prompt.
Pika Labs has rolled out Pika 1.0, a substantial upgrade to its video creation platform. Recognising the challenges in video production, the company initiated this development six months ago, aiming to create a more user-friendly interface for a broader audience. The tool can now change clothing on people, animate pictures, and enhance videos. Currently, Pika Labs is the most accessible and powerful tool for video making and editing.
With a community of half a million users generating millions of videos weekly, Pika Labs envisions a future where everyone can effortlessly direct their own stories. Pika 1.0 introduces an advanced AI model capable of generating and editing videos in various styles, including 3D animation, anime, cartoon, and cinematic formats. The updated web experience further simplifies user interactions.
In addition to the product upgrade, Pika Labs has secured $55 million in funding. The funding rounds, starting with pre-seed and seed investments led by figures like Nat Friedman and Daniel Gross, culminated in a Series A round led by Lightspeed Venture Partners. Notable investors include Elad Gil, Adam D’Angelo, and Zach (Co-Founder of Ramp), along with venture firms such as Homebrew, Conviction Partners, SV Angel, and Ben’s Bites.
Pika 1.0 aims to redefine video creation with a focus on a straightforward and accessible user experience. You can test the AI video generating capability of Pika on their website.