• Former President Barack Obama talks about A.I

• Amazon launches it’s A.I, “Q”, which is aimed towards businesses 

• Pika announces version 1 of its platform

• Leonardo A.I introduces Live Canvas

Featured Story

Pika, an AI animation platform that has primarily been on discord, has announced their version 1.0 platform and it looks insane.

Pika 1.0, a groundbreaking AI model for video creation by startup Pika, has recently raised $55 million in funding, marking a significant advancement in generative AI. This innovative tool aims to simplify video production, offering capabilities like editing videos in various styles, extending video lengths, and even altering content. Pika 1.0's unique features, such as the ability to expand video canvas or aspect ratio, distinguish it in a competitive field, including giants like Google and Meta. Lightspeed Venture Partners, a key investor, sees Pika's potential in democratizing professional-quality video creation. The rapid growth of generative AI, with investments projected to reach $143 billion by 2027, underscores the increasing demand for such tools. However, the industry faces challenges like unexpected outcomes, security, fairness, bias, and privacy concerns. Pika's emergence as a key player in this domain represents the promising intersection of creativity and technology in reshaping how stories are visually shared

• Paid get "Realtime" mode where it updates as you paint and as you move objects.

• Free get "Interactive" mode, where it updates at the end of a brush stroke or once you let go of an object.

INDUSTRY INSIGHTS

Former President Barack Obama talks Artificial Intelligence on Decoder: In an interview with The Verge, former President Obama discusses AI, social networks, and democracy. He emphasizes the need to regulate AI and suggests experts in the field consider a government role for oversight. Obama also shares his concerns about government insight and expertise in AI regulation, touching on historical legal precedents and disagreeing with the notion that social platforms must distribute all information equally. He also mentions a conversation with a tech executive, likening AI's impact to that of electricity.

The Future of AI IP is happening as CAA Signs Futureverse: The recent partnership between the Creative Artists Agency (CAA) and Futureverse, an AI and metaverse tech company, marks a significant step in the integration of AI technology in the entertainment industry. This collaboration is set to explore the use of AI for talent and intellectual property (IP) in various platforms such as the metaverse, web3, and virtual worlds. Futureverse's existing global IP and entertainment ventures, including with entities like Warner Music and FIFA, are already notable. Their latest project, "JEN 1", is a high-fidelity text-to-music generation model, indicating their commitment to pioneering AI-driven entertainment solutions. This partnership signifies a fusion of technology and creativity, aiming to empower creators with innovative tools and open new revenue opportunities, thereby shaping a new era in entertainment

Amazon launches “Q”, it’s own AI model aimed at enterprises: Amazon is countering the perception that it's behind in the AI race by investing up to $4 billion in Anthropic, an AI startup, and developing advanced computing chips. They also introduced a platform for customers to access AI systems, focusing on workplace chatbots with enhanced security and privacy features. Amazon Q, their new chatbot named after the James Bond Character, is tailored for corporate environments, ensuring data privacy and adherence to security permissions. This initiative aims to strengthen Amazon's AI and computing infrastructure, challenging traditional microprocessor suppliers.