News Summary

Luma, an AI video and 3D model company backed by a16z, has launched a new AI model named Ray3 Modify. This model allows users to modify existing video footage by providing start and end frames, as well as character reference images, enabling seamless transitions and transformations while preserving the original performance of human actors. The technology is particularly beneficial for creative studios that wish to maintain continuity in character movements and behaviors without the need for reshooting scenes. The release of Ray3 Modify comes after Luma secured a $900 million funding round led by Saudi Arabia’s Public Investment Fund-owned AI company, Humain. The company also plans to establish a 2GW AI cluster in Saudi Arabia. This innovative tool is available on Luma’s Dream Machine platform, offering new creative freedoms by combining real-world footage with AI expressivity.