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Investing.com -- Meta Platforms (NASDAQ:META) is seeking partnerships with artificial intelligence startups focused on video creation and editing, expanding its AI dealmaking efforts into new areas.
The social media company has recently engaged in discussions with Pika, a developer of AI technology that generates realistic videos, according to a report from The Information, citing a person familiar with the conversations. These talks have explored various partnership options, including a potential acquisition or licensing agreement for Pika’s technology.
Meta also recently held acquisition discussions with Higgsfield, a small app specializing in AI-powered image and video generation for content creators. However, those negotiations are no longer active, according to a person who has spoken with Higgsfield executives.
These discussions represent Meta’s continued interest in expanding its artificial intelligence capabilities, particularly in the growing field of AI-generated video content.
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