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Competition in AI video generation heats up as Deepmind alums unveil Haiper | TechCrunch

Mar 05, 2024 - techcrunch.com
Deepmind alumni Yishu Miao and Ziyu Wang have launched Haiper, an AI-powered video generation tool, following OpenAI's release of the Sora model. The tool, which allows users to generate videos from text prompts, was developed after the pair found video generation to be a more interesting problem than 3D reconstruction. Haiper has raised $13.8 million in a seed round led by Octopus Ventures, with participation from 5Y Capital, and a $5.4 million pre-seed round in April 2022 with help from angel investors.

Haiper is currently focusing on its consumer-facing website, but plans to build a core video generation model to offer to others. The company is also considering open-sourcing its models in the future. Despite competition from OpenAI's Sora, Google, Nvidia-backed Runway, and others, Haiper is working to differentiate itself by solving the uncanny valley problem in video generation. The company is actively hiring for multiple roles across engineering and marketing.

Key takeaways:

  • Deepmind alums Yishu Miao and Ziyu Wang have publicly released their video generation tool Haiper, which has its own AI model and focuses on video generation rather than 3D reconstruction.
  • Haiper has raised $13.8 million in a seed round led by Octopus Ventures, with participation from 5Y Capital and angels like Geoffrey Hinton and Nando de Freitas.
  • Users can generate videos for free on Haiper's site by typing in text prompts, with the company aiming to keep these features free to build a community.
  • While Haiper is currently focusing on its consumer-facing website, it wants to build a core video generation model that could be offered to others, and is considering open-sourcing its models in the future.
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