SAN FRANCISCO — AI video-generation start-up Pika raised $80 million as venture capital investors continue to pour billions of dollars into artificial intelligence start-ups that are trying to compete with industry heavyweights OpenAI and Google. Pika joins other artificial intelligence video start-ups Runway and Synthesia in raising large amounts to build out their tools over the past year. Total venture-capital investment in AI and machine learning companies was $25.9 billion in the first quarter of 2024, up from $21.7 billion a year earlier, according to data firm PitchBook. After the explosion of interest in text- and image-generators, using AI to generate videos is considered t
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