Jan 15 : AI video generation startup Higgsfield raised $80 million in new funding, valuing the company at over $1.3 billion, it told Reuters, as investors rush to develop the sector amid booming demand for the new technology. The Series A extension round included the participation of Accel, GFT Ventures and Menlo Ventures. The San Francisco-based company said it has reached $200 million in annualized revenue run rate, a projection of future revenue. The deal points to investor interest in AI