Generative AI technologies are rapidly permeating daily life, particularly affecting the film industry. The startup Moments Lab has raised over $37 million to create AI tools designed to automate aspects of video production, challenging traditional roles. With an emphasis on creating an autonomous editing assistant, the company aims to streamline film production by replacing junior-level roles. However, the AI's practicality remains uncertain as the technology still faces significant usability challenges, prompting concerns among creative unions regarding job security and content quality.
The company recently completed a Series B funding round, according to Business Insider, raising about $24 million to develop 'AI tools' for film studios.
With the latest funding round, Moments Lab is eyeing the creation of an 'agentic AI tool,' a type of software product that's marketed as an autonomous assistant.
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