Get the app →
BriefTea logoBriefTea

Every story in sixty words

General · 17 August 2026

Goldman Sachs and Intel invest £295m in AI video maker Higgsfield

Goldman Sachs and Intel invest £295m in AI video maker Higgsfield

The new cash values the two-year-old company at $5.4bn, more than four times its price tag in January. The platform lets users generate clips from text, and a rush of corporate customers has recently pushed its yearly revenue to $700m. Higgsfield will spend the money buying the massive amount of computing power required to run its artificial intelligence models.

✓ Verified against the source · 60 words · 40 sec

Get the app

More briefs

GeneralSpice found in cannabis gummies seized by Wiltshire Police, scientists warn GeneralReform says long-term benefit claimants must work or lose payments GeneralPound climbs to $1.3560 against the dollar before new UK economic data GeneralMicrosoft removes Excel's COPILOT() function GeneralDR Congo Ebola outbreak now its deadliest with 2,325 deaths GeneralIndia considers merchant fees for digital payments Browse all stories →