Kling AI has reportedly raised about $2.8 billion, underscoring investor demand for AI video while raising fresh questions about China-linked legal risk.

Reports say Alibaba and Tencent backed Kling AI, a move that suggests China’s AI leaders may prefer platform bets over direct video model rivalry.

Alibaba confirmed it secretly developed HappyHorse-1.0, an AI video model that debuted at the top of global benchmarks, surpassing rivals with audio-visual synchronization capabilities.

AI video generation startup Runway launched a $10M fund and Builders program to invest in pre-seed and seed-stage startups across AI, media, and world simulation.

OpenAI CEO Sam Altman announced the shutdown of Sora, its AI video-generation model, just months after launch, terminating a landmark billion-dollar licensing deal with Disney and signaling a major strategic refocus ahead of its IPO.

ByteDance has halted the international expansion of its Seedance 2.0 AI video generation tool after receiving cease-and-desist letters from Disney and Paramount Skydance, who allege the model was trained on copyrighted characters and celebrity likenesses without authorization.

The Motion Picture Association sent a formal cease-and-desist letter to ByteDance over Seedance 2.0's alleged systematic copyright infringement, demanding deletion of studio IP from its training dataset.

Netflix calls Seedance 2.0 a 'high-speed piracy engine' as it joins Disney, Paramount, and Warner Bros in legal action against ByteDance.

ByteDance faces cease-and-desist letters from Disney and Paramount as Seedance 2.0 generates copyrighted content, prompting SAG-AFTRA condemnation.

TikTok owner ByteDance releases Seedance 2.0, triggering Hollywood outcry over unauthorized use of copyrighted works as AI-generated deepfakes go viral.

ByteDance's new AI video model Seedance 2.0 generates cinematic-quality videos in seconds, sparking debates about Hollywood's future.

Google Photos now uses Veo 3, the most advanced AI video model, to transform still images into dynamic videos with subtle movement and realistic effects.

UK-based AI video generation platform Synthesia has raised $200 million in a Series E round, doubling its valuation to $4 billion. The funding will be used to scale its AI-powered corporate training and communication tools.

Mashable covers Google's latest Veo 3.1 update enabling generation of mobile-first vertical videos optimized for social media platforms like TikTok and Instagram Reels.