Workflow
Pika (AI video app)
icon
Search documents
Pika, a new TikTok-like AI app, makes playful, creative short videos from just a few words
Fortuneยท 2025-10-16 18:10
Company Insights - Pika, an AI video company co-founded by Demi Guo and Chenlin Meng, has raised approximately $135 million at a valuation of $470 million and has 16.4 million users across its creative apps [4][3] - The company launched a TikTok-like AI video app called Pika, featuring a new tool named Predictive Video that allows users to create videos by simply uploading a selfie and providing a brief prompt [4][6] - Pika aims to differentiate itself from competitors like OpenAI's Sora and Meta's Vibes by focusing on self-expression and creativity for Gen Z and Gen Alpha, rather than polished productions [8][6] Industry Trends - TSMC reported a 39.1% increase in profit, reaching record levels due to the rising demand for AI chips, with revenue climbing 30.3% to NT$989.92 billion ($33.1 billion) [11] - Spotify is collaborating with major music industry players to develop AI products aimed at empowering artists, marking a significant move towards integrating AI into the music industry [12] - The AI boom is impacting the San Francisco housing market, with rents increasing by 6% over the past year, driven by the influx of AI startups [10]