AI & Enterprise
Reka AI seeks to expand world model and robotics business with Moonvalley acquisition
Reka AI, an AI video app developer, has acquired video generation AI model startup Moonvalley through an all-share exchange. The Information, citing two people familiar with the matter, reported that Toronto-based Moonvalley was founded in 2023 and offers video generation models trained on licensed data to avoid copyright infringement. Reka AI plans to use the acquisition to expand into world models and robotics, it said.
