NetMind.AI Acquires Visual AI Model Haiper

Haiper AI, once hailed as a rising European contender in the generative video space, has been dismantled following the departure of its cofounders to Microsoft. Founded by DeepMind alumni Yishu Miao and Ziyu Wang, the startup had raised $13.8M and developed a promising video-generation model.

What Happened

Cofounders joined Microsoft AI and took a top engineer with them.
NetMind.AI acquired Haiper’s core video model and plans to onboard staff.
VP of Business, Stacie Chan, transitions to NetMind in a similar role.

This move reflects broader GenAI consolidation with Meta investing $15B in Scale AI and Salesforce acquiring Convergence for $150M.

Haiper’s story underscores how talent shifts and strategic acquisitions are reshaping the generative AI landscape.