Wonder Studios, an artificial-intelligence creative studio backed by OpenAI and Google DeepMind executives, has raised $12 million in seed funding to expand its production amid a growing trend toward use of AI in the entertainment industry.
The funding will be used to double the company’s engineering team and accelerate a push into intellectual-property ownership and original content production, Wonder Studios said Thursday. The round was led by European venture capital firm Atomico, alongside existing investors including U.K.-based venture capital firm LocalGlobe and U.S. investment manager Blackbird. ...
See the full story here: https://www.wsj.com/tech/ai/openai-backed-creative-studio-raises-12-million-as-it-eyes-ai-content-drive-cad81e1f