Luma AI raises $900 million in Series C to build multimodal ‘world models’
WASHINGTON – U.S. artificial intelligence startup Luma AI said it has raised $900 million in a Series C funding round led by HUMAIN, a Saudi Arabian AI company owned by the Public Investment Fund (PIF), to develop advanced multimodal AI systems. The funding round, announced at the U.S.-Saudi Investment Forum, included significant participation from AMD Ventures…