Business · 17 August 2026
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.
Reported by City AM · How we write briefs