London expansion

.Nvidia‑backed video‑generation startup Luma AI announced a European expansion, opening a London office that will house about 200 employees—40% of its staff—by early 2027. The move follows a $900 million Series C round led by Saudi fund Humain, pushing valuation above $4 billion. Luma develops multimodal “world models” for AI‑generated video, targeting marketing, media and entertainment. London’s talent pool and its role as a gateway to Europe underpin the strategy, as the video‑generation market is projected to exceed $15 billion by 2030.