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AI & Enterprise

Utopai raises $60 million at $1 billion valuation, plans three feature-length AI films in theaters next year

AI film startup Utopai Studio has raised $60 million at a $1 billion valuation. A source close to the company said it has also received follow-on investment offers valuing it at $2 billion to $3 billion. Utopai is working on about 20 AI video projects, including two TV series and three feature-length films set for theatrical release next year, with plans to open in about 3,000 North American theaters.

AI & Enterprise

Tamar AI expands Korea AI film creation ecosystem, wraps up AI video hackathon

AI creative technology company Tamar AI said it has concluded Arena Peak Asia, an AI video creation hackathon held simultaneously in Seoul, Shanghai and Tokyo from Oct. 16 to 18. In South Korea, 40 teams produced AI short films over 32 hours, and team YAHO won a bronze prize in the combined judging across South Korea, China and Japan. Tamar AI will screen the winning works on Oct. 24 at Seoul AI Film Night.

AI & Enterprise

AI bubble fears sweep tech, boosting open-weight AI

Concerns about excessive investment in AI infrastructure weighed on tech markets, pushing down AI-related stocks, while Apple, seen as investing less in AI, reached a $5 trillion market value after Nvidia. Some observers warn today’s AI data-centre shortages could turn into long-term overcapacity that shocks equities, with investors shifting toward U.S. Treasuries. The report also cites slowing revenue growth at Anthropic and increased moves by U.S. firms into open-weight AI models.