March 5 (Reuters) - Lore Machine, an artificial

intelligence start-up that allows writers to convert stories

into images, audio and animation, said it was in talks to raise

funds and started rolling out its visual-storytelling platform

to the public on Tuesday.

The company plans to charge between $10 and $160 per month

for its platform that allows users to customize locations,

characters and scenes, with the highest-priced tier aimed at

enterprises.

Lore Machine is also in talks with venture capital firms for

a fundraise, following a pre-seed funding round in January 2023

that included Dao Jones, 100 Acre Ventures and NZVC and

financial details of which were not disclosed.

"We are considering it (fundraising) ... having

conversations with the VC community ... we are profitable and

have significant revenues in Q4 and Q1 of this year from our

partnerships," Lore Machine founder and CEO Thobey Campion told

Reuters.

Campion did not provide details about the company's revenue

and profit figures.

Lore Machine said it sees a large opportunity in the

marketing industry and the company created an ad for HP's

gaming computers that was aired in China.

The start-up is in talks for partnerships with 20 software

platforms and content partners, and is working on a version of

the platform that would allow enterprises to train the model

with their in-house styles.

While using AI to generate visuals from text inputs is not

new, Lore Machine is looking to stand out in the market by

allowing longer prompts of up to 30,000 words.

The company creates visuals by using the popular Stable

Diffusion AI image generator, but has built its own technology

to synthesize text.

The platform will allow text inputs of up to 500,000 words

in a couple of months, Campion added.