Pika, a video AI company valued at $470 million and backed by Spark Capital and Lightspeed Venture Partners, along with individuals like actor Jared Leto and AI researcher Andrej Karpathy, launched a program to help AI creators make videos faster by using fewer prompts. The product automates which AI model is used to create a given element in the video and speeds up the prompting process. Instead of crafting paragraph descriptions from scratch as prompts, users can input basic details of what they want a video to look like and generate an editable, shot-by-shot list. The company is also releasing a suite of apps, including a tool for relighting and one that swaps characters or outfits. Pika has been playing catch up with others in the AI content creation space, such as Higgsfield AI, which has released feature-length AI-generated films and is valued at $5.4 billion. Higgsfield and AI video company Runway both already have their own integrated creator platforms. But Pika says their product stands out in part because some features will be available at half the price of competitors’, like Seedance, a text-to-video generation model available across other AI video platforms.