May 20 (Reuters) - Generative AI studio Promise, backed
by venture capital firm Andreessen Horowitz, said on Tuesday
that it had partnered with Alphabet's Google to use
its AI technologies.
The startup has also expanded its investor base, with new
backing from Google's AI Futures Fund, Crossbeam Venture
Partners, and others, the company said in a blog.
Former News Corp ( NWSA ) President Peter Chernin's firm,
North Road Company, a co-lead investor, has invested additional
capital in this round.
Promise will integrate Google's AI technologies into its
production pipeline and workflow software, MUSE, while also
collaborating with researchers from DeepMind.
Hollywood studios have been exploring ways to incorporate
GenAI tools to reduce costs and speed up the content creation
process.
Founded by Fullscreen CEO George Strompolos, former YouTube
executive Jamie Byrne and AI artist Dave Clark, Promise aims to
capitalize on the GenAI boom and is working with Hollywood
stakeholders to develop a multi-year lineup of content.
Production of its first feature-length film is slated to
begin this year.