Former MySpace Executives Launch PlaiDay, an AI-Powered Text-To-Video Tool With Personalization Features

PlaiDay, backed by $32 million in seed funding, offers a free tier and plans to introduce a paid subscription model; the tool allows users to convert text to personalized CGI-quality animation, with a focus on accessibility for non-technical users.

• PlaiDay, a text-to-video tool developed by former MySpace executives, capable of generating brief snippets of video from a text prompt, was launched and made available via Plai Labs’ Discord server, with plans to soon expand its availability.
• The AI-powered tool incorporates personalization features that allow for the use of an actual person's images to generate video characters, which offers unique storytelling capabilities for a broad spectrum of users.
• Plai Labs received $32 million in seed funding led by AndreessenHorowitz, in partnership with Coinbase, talent agency UTA, and Crush Ventures, thus solidifying the company's financial backbone, and it plans to introduce a subscription model for the PlaiDay tool.
• The company's underlying platform, Orchestra, is constructed from about a dozen neural networks and both commercial and open-source AI tools, paving the way for business-facing tools for specific market niches.
• Over time, PlaiDay aims to provide more sophisticated video projects, including scene stitching, sound effects, audio layering, and more, empowering creators both technically and non-technically inclined to leverage AI for their creative needs.

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