Hollywood-oriented AI is getting a major boost from the Saudi government, which is expected to announce Wednesday that it will anchor a $900 million funding round for Luma AI, the San Francisco company building models meant partly for entertainment.

Humain, the AI company backed by Saudi’s PIF, will be the lead investor in Luma AI’s latest funding round, which also includes powerhouse VC Andreessen Horowitz as well as early-stage investors Amplify Partners and Matrix Partners.. The size of Humain’s stake was not disclosed, but principals described it as significant.

Hollywood-oriented AI is getting a major boost from the Saudi government, which is expected to announce Wednesday that it will anchor a $900 million funding round for Luma AI, the San Francisco company building models mea

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