Los Angeles-based Moonvalley, which is developing "transparent" generative AI video tools, raised a $70M seed co-led by General Catalyst and Khosla Ventures (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch:
Los Angeles-based Moonvalley, which is developing “transparent” generative AI video tools, raised a $70M seed co-led by General Catalyst and Khosla Ventures  —  The wide availability of tools to build generative AI has led to a Cambrian explosion of startups in the space.

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