Venture capital investors are pouring hundreds of millions of yuan into China's burgeoning video generation startups, betting on their potential in the artificial intelligence race to rival OpenAI's text-to-video model Sora.
This week, two leading Chinese generative AI startups announced the successful closure of their latest funding rounds, with each securing more than 100 million yuan ($14 million). Both aim to catch up with Sora in the coming months.
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