Luma AI, a rising star in the AI video industry, has secured new funding of 6.4 billion yuan to build a 2GW intelligent computing cluster.

AI video startup Luma AI has raised $900 million in Series C funding, valuing the company at $4 billion. The round was led by Humain, a subsidiary of Saudi Arabia's Public Investment Fund. The funds will be used to develop multimodal AI systems and build a 2GW intelligent computing cluster, "Project Halo".