London-based Haiper, a developer of video GenAI technology, has launched a new video generation model, Haiper 1.5, for video generation.
Available on the company's web and mobile platforms, Haiper 1.5 enables users to generate eight-second clips from text, image, and video prompts, twice the length of Haiper’s initial model. It hopes to compete with Sora Runway by providing enhanced capabilities and improved performance.
Analyst QuickTake: This news comes just four months after the company emerged from stealth, raising USD 13.8 million in a seed round. It planned to use the funds to develop and roll out a foundation model for generating video content. Recently, there has been a notable increase in the development and release of video-generating models. Prominent companies like Luma (launching the " Dream Machine " model) and Runway (launching Gen-3 Alpha ) have contributed to this trend by introducing their own models.
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