The AI video generation landscape is witnessing significant growth and competition with the introduction of Haiper, a new player in the field. Founded by DeepMind alumni, Haiper has successfully closed a $13.8 million seed funding round led by Octopus Ventures, as reported by TechCrunch. The company aims to use this investment to develop the most powerful perceptual foundation model for visual creation and establish itself as Europe's leading force in video-generative AI, with plans to build AGI with full perceptual abilities. This development comes as companies like OpenAI and ByteDance are also exploring the text-to-video generation space, indicating a broader industry trend towards innovative AI-driven content creation tools.