Meta Platforms Inc. Seeks AI Video Innovation Through Collaborations

In a bold move to enhance its video creation and editing capabilities, Meta Platforms Inc. is actively seeking partnerships with innovative startups specializing in artificial intelligence (AI) technologies. According to a recent report by the Information, these collaborations could range from acquisitions to licensing agreements, signaling Meta's commitment to leading the AI video space.

Engagements with Pika and Higgsfield Highlight Meta's Strategy

One of the startups in discussions with Meta is Pika, known for its AI that generates realistic videos. The talks have explored various possibilities, including a potential acquisition or a technology licensing deal. Meanwhile, Higgsfield, another AI-powered platform focusing on image and video generation, had preliminary merger discussions with Meta. However, these talks have since been discontinued, as per sources.