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.
Caixin
Funds pour into Chinese AI startups challenging OpenAI's Sora
Video generation is latest front in superpower tech battle
In February, American tech giant OpenAI, known for developing ChatGPT, unveiled a text-to-video model called Sora.
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