Meta unveils advanced video-creation AI

+ OpenAI funding fuels wave of big AI deals

October 07, 2024

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Latest headlines 👇

Meta has introduced Movie Gen, a generative AI model capable of creating 16-second customizable videos from a single prompt. Announced in a 90-page research paper, Meta says this tool allows for precise video editing, such as replacing objects within a scene. While not yet available to the public, Movie Gen aims to set a new standard in AI-driven video creation. Read more

Following OpenAI’s $6.6 billion capital raise, AI startups like Writer, xAI, and Perplexity are attracting investor interest as they rush to close funding deals before the holiday lull. The rising costs of computing and demand for AI models are driving these fundraising efforts, with some startups doubling their valuations. This wave of deals signals strong investor belief in AI's future profitability, despite the significant costs involved. Read more

Despite booming revenue and strong performance in AI, Microsoft is facing growing investor concerns over its massive capital spending and dependence on OpenAI. The company’s stock is underperforming compared to other tech giants, and rising costs for AI infrastructure are squeezing margins. Financial reporting changes and competition in the AI space are further complicating investor confidence, as analysts question when AI investments will pay off. Read more

Eric Schmidt, former Google CEO, says we should prioritize AI development over climate goals, as current targets are unlikely to be met. At an AI summit, he highlighted the massive energy demands of AI data centers and argued that AI itself may eventually offer solutions to the environmental issues it contributes to. Read more

Google’s AI assistant, NotebookLM, has gone viral with its Audio Overview feature that creates podcast-style explainers on any topic—yes, even poop and farts. Users have tested the AI's realistic-sounding voices with absurd prompts, and now Google is working on updates to customize podcast length, format, and languages. Read more

Apple’s iPhone 16 is expected to receive its first AI-powered features with the iOS 18.1 update on October 28th, according to Bloomberg’s Mark Gurman. The update will include AI-driven notification summaries and improvements to Siri. While more advanced features like cross-app Siri commands are expected next year, users can anticipate tools like Apple’s Image Playground and Genmoji by December. Read more