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Luma has released Ray2, its latest AI model for video generation. The new model has been scaled to 10 times the compute power of its predecessor and uses a new multimodal architecture. Luma says it's better at natural-looking movement and fine details, while maintaining consistency throughout each scene. Text-to-video generation is available to subscribers through Luma's Dream Machine platform, with image-to-video, video-to-video, and editing tools in upcoming releases. The company also plans to make Ray2 accessible through its API soon.

Video: Luma AI

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Synthesia, a company that helps businesses create AI-generated videos and avatars, just secured $180 million in Series D funding. Since its founding in 2017, the platform has grown to serve more than half of Fortune 100 companies, producing millions of minutes of AI-generated video content each month. The company plans to use its fresh funding to develop new features that combine AI avatars with large language models, along with rolling out a new video player. The company says these upgrades will allow customers to create more interactive and personalized video content.

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