Luma AI is an AI-based API platform that harnesses the power of NeRF (neural radiance field) technology to create 3D models of any object through its mobile application. The generated 3D models can then be used for a range of digital uses, changing how people share memories, search for products, and reimagining internet and gaming spaces.
By utilizing NeRF technology, the company can bypass traditional programming requirements such as teams of 3D artists or expensive photogrammetry setups, thus democratizing 3D creation by making it accessible to anyone with the app.
While Luma AI faces a growing number of competitors in the space, it will need to focus on advancing and refining its technology to fully compete with AI giants such as OpenAI. However, the company’s focus on its specific area of the market certainly allows it to see vast growth opportunities.
Freddie
Company Specialist at Welcome to the Jungle