AI News

OpenAI is stepping into the realm of video generation, joining the ranks of startups like Runway and major companies such as Google and Meta. Today, OpenAI has introduced Sora, an innovative generative AI model designed to create video content from text. Whether provided with a brief description or an elaborate prompt, Sora is capable of producing 1080p cinematic scenes featuring multiple characters, varied movements, and intricate background details, according to the company.

The Promising Future of Homomorphic Encryption: Zama's Journey

Like “Avengers” director Joe Russo, I’m becoming increasingly convinced that fully AI-generated movies and TV shows will be a reality in our lifetime. Recent advancements in artificial intelligence, especially OpenAI's remarkably realistic text-to-speech technology, have provided exciting glimpses into this innovative frontier. However, today’s announcement from Meta has particularly sharpened my focus on the future of AI-generated content.

Say goodbye to CodeWhisperer, Amazon’s AI-driven coding assistant. As of today, it has been rebranded and transformed into Q Developer, part of Amazon’s expanding Q suite of business-focused generative AI chatbots, which now includes the newly launched Q Business. Accessible through AWS, Q Developer assists developers with everyday tasks, notably debugging, upgrading applications, troubleshooting, and conducting security scans—similar to the functionalities offered by CodeWhisperer.

Thomas Li was working at Point72, the hedge fund founded by renowned investor Steve Cohen, when he noticed a critical issue: the financial industry is heavily reliant on manual data entry, a process fraught with potential errors.

AWS, Amazon's cloud computing division, aims to establish itself as the premier platform for businesses to host and optimize their custom generative AI models.

Adobe has announced the development of an AI model designed to generate videos, though specific details regarding its launch timeline and functionalities remain scarce. Positioned as a competitor to OpenAI’s Sora, Google’s Imagen 2, and various emerging startups in the generative AI video landscape, this new model is part of Adobe's expanding Firefly family of generative AI products. Adobe plans to integrate the model into Premiere Pro, its flagship video editing software, later this year.

Sarvam AI has emerged from stealth mode, securing $41 million in funding as the five-month-old Indian startup accelerates its mission to develop a full suite of generative AI solutions in the world's most populous country.

The European Union has unveiled the structure of its new AI Office, an essential body for building the ecosystem and overseeing compliance with the forthcoming AI Act. This risk-based regulatory framework for artificial intelligence is expected to be enforced before the end of July, following last week's final approval by EU lawmakers. The AI Office will officially commence operations on June 16.

Developers are rapidly embracing AI-powered code generators such as GitHub Copilot and Amazon CodeWhisperer, as well as open models like Meta’s Code Llama. However, these tools often have limitations. Some are not free, while others come with licenses that restrict their use in commercial applications.

OpenAI recently generated considerable excitement in the tech industry with its innovative generative AI model, Sora, capable of creating original videos from simple scene descriptions—eliminating the need for cameras or film crews. However, Sora is currently restricted to affluent creators, particularly in Hollywood, rather than catering to everyday hobbyists or small-scale marketers.

Google is taking significant steps to enhance the quality of search results, directly addressing long-standing issues in the SEO industry that have gamified search rankings and diminished the credibility of Google Search results. Many users searching for product recommendations, reviews, deals, and discounts often encounter low-quality or spam-filled websites that fail to deliver on their promises, despite achieving high rankings. This situation is poised to change with Google’s latest update, as announced today.

Allozymes has developed an innovative technique for rapidly testing millions of bio-based chemical reactions, establishing itself not just as a service provider, but as a cornerstone of a unique and valuable dataset. With datasets come opportunities for AI integration, which in turn attracts investors. The company recently secured a $15 million Series A funding round, enabling it to evolve from a supportive service into a leading global biotech resource.

Almost a year ago, Alphabet’s growth-stage venture arm, CapitalG, appointed Laela Sturdy as its new head, following the departure of founder David Lawee. Sturdy’s promotion was widely anticipated. She joined Google in 2007 in a marketing role and transitioned through various departments. When CapitalG launched in 2013, Lawee recruited her, stating in a 2021 CNBC interview, “I made it a point to identify the stars within Google, and Laela's name was mentioned frequently.”

Samsung and Google Cloud have partnered to integrate generative AI into the Galaxy S24 series, enhancing communication and creativity with tools like Gemini Pro and Imagen 2. The series features advanced AI-driven functions, such as real-time translation and image editing. Pre-orders start January 17, 2024.