Hollywood-oriented AI is getting a major boost from the Saudi government, which is expected to announce Wednesday that it will anchor a $900 million funding round for Luma AI, the San Francisco company building models meant partly for entertainment.
Humain, the AI company backed by Saudi’s PIF, will be the lead investor in Luma AI’s latest funding round, which also includes powerhouse VC Andreessen Horowitz as well as early-stage investors Amplify Partners and Matrix Partners.. The size of Humain’s stake was not disclosed, but principals described it as significant.
The infusion greatly increases the capital coming into Luma, which in a few previous rounds from the lkes of AWS, a16z and Nvidia totaled just $70 million.
As part of the deal Luma will have access to large Saudi-based data centers that aim to generate 2 gigawatts of computing power,…
