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A remarkable startup is developing a groundbreaking AI system that promises to give creators unprecedented capabilities for generating cinematic worlds. The company, named Odyssey, employs a unique approach: having staff carry specialized camera systems to gather scene data from around the globe. Founded by autonomous driving experts Oliver Cameron and Jeff Hawke, Odyssey recently completed an $18 million Series A funding round led by EQT Ventures.

The domestic open source video generation model CogVideoX-5B has been officially released in the Mota ModelScope community, significantly improving the quality and visual effects of video generation. Based on the large-scale DiT model, this model utilizes a 3D causal variational autoencoder and expert Transformer technology, achieving spatio-temporal joint modeling through 3D-RoPE positional encoding and a 3D full attention mechanism. The use of progressive training techniques allows the model to generate long videos with distinct motion features, coherence, and high quality.

Napkin, an AI visual platform founded by former Google employees, recently secured $10 million in funding led by Accel and CRV. The platform aims to assist users in quickly creating visual content using generative AI technology, with a focus on optimizing design processes and reducing time and hassle. Napkin's core product targets marketing, content creation, and engineering professionals, allowing users to start from text or generate text based on prompts. The platform generates a Notion-like canvas, enabling users to customize visual effects and export in various formats.

UK-based AI startup Stability AI has appointed Prem Akkaraju as its new CEO. Akkaraju previously served as the CEO of visual effects company Weta Digital and is also one of Stability AI's investors. The investor lineup for Stability AI is impressive, including former Facebook president Sean Parker among others, with total investments exceeding 1.