Photo: Paul Devlin/Sportsfile for Web Summit Qatar via Getty Images
Recently valued at $1.3 billion, AI video generation startup Higgsfield is aiming to reach a $1 billion annual run rate by the end of the year, CEO Alex Mashrabov said on the sidelines of Web Summit in Qatar.
The big picture: Higgsfield is focused on commercial and advertising use cases, such as social media marketing, that allow users to create and edit promotional videos and images.
