Luma AI said it raised $900 million in a new funding round led by Humain, with participation from AMD, Andreessen Horowitz, Amplify Partners, and Matrix Partners.

More to Know:

– Luma develops multimodal AI models that go beyond traditional LLMs, learning not only from text but also from video, audio, and images to more accurately simulate reality.
– The company is now valued upwards of $4 billion.
– The funding will be used to scale and accelerate the training and deployment of Luma’s multimodal world models.
-Luma and Humain will partner to build a 2-gigawatt AI supercluster, dubbed Project Halo, in Saudi Arabia.
-The partnership also includes the Humain Create initiative, which aims to develop sovereign Arabic AI trained on Arabic and regional data. Along with focusing on building the world’s first Arabic video model
Luma was founded in 2021 by Amit Jain and Alberto Taiuti.