Utopai Studios unveiled the second version of its AI video storytelling platform PAI, less than three months after its initial version debuted.
The company introduced the generative video platform PAI in March, allowing users to tinker with videos across each step of the creative process. The goal was to produce visual stories without the need for a collection of separate AI tools, letting users generate, edit, and produce one-minute videos within PAI’s platform. It earned the support of NBA stars Carmelo Anthony and James Harden, with Anthony investing in the firm through his production company Creative 7 and joining Utopai as a strategic partner. Harden also produced an animated short using PAI in April based on his beard.
PAI is now generating $11 million in annual recurring revenue, the company said. Utopai is targeting the product at marketing agencies and creators trying to produce their own video content. The company said the new version improves PAI’s user experience through a new creative agent, voice input and new generative functions. It comes as a wave of companies have tried to capitalize on generative-AI video, including Google, Kling AI and Runway AI.
PAI 2.0 will include rapid variant generation for videos, let users generate 2×2 keyframes for each 15-second video segment and produce videos natively in cinematic 4K without limits, aiding users in the quest to generate long-form videos that flow naturally.
