Video AI generation company Pika Labs has launched its tool Pika1.0, which supports the creation of videos from text and images, and allows editing of video style, content, and dimensions. The user base is growing rapidly, with over 550,000 users generating millions of videos weekly. The company's valuation has surpassed $200 million, backed by big names including a co-founder of OpenAI. Pika1.0 is considered the "king" in the field of video generation, and is expected to enable ordinary users to create impressive AI-generated films.