Mentioned:
Sylvester Stallone has had a historic career in Hollywood. Now, he’s embracing artificial intelligence.
What’s happening:
- Artificial intelligence analytics startup Largo.ai has raised $7.5M USD in a new Series A financing round
- The round saw participation from multiple notable angel investors, including Sylvester Stallone and former talent from Activision Blizzard
Why it matters:
- Largo.ai is one of the fastest growing startups leveraging artificial intelligence and machine learning technology to analyze scripts and films to provide insights into the ideal target audience and advertising partners
Going deeper:
- Largo.ai is already being used by major entertainment companies, including Netflix (NASDAQ: NFLX) and multiple award winning Hollywood production studios
- Largo.ai has also begun predicting box office revenue of major new film releases, leveraging proprietary data to decide on what cities to first roll out new movies to in theatres
The intrigue:
- Largo.ai has also been trained on thousands of movies and television shows with the purpose of being able to make creative suggestions and provide pre-production feedback for new projects under development at major studios