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- 🛑 Google's AI-powered Image-to-video games is here.
🛑 Google's AI-powered Image-to-video games is here.
Plus: 🎵Adobe unveils GenAI music tool.
AI Insights
February 29, 2024
Welcome, AI enthusiasts!
Today’s AI insights:
🛑 Google's AI-powered Image-to-video games is here.
🤖 Photoroom, the image generatiion tool raised $43M
🎵Adobe unveils GenAI music tool.
📈 Trending AI tools
🗞️ Byte Sized News
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Image credit: Photoroom
Photoroom, a Paris-based AI photo-editing app, recently secured $43 million in its latest funding round, valuing the company at $500 million. The round was led by Balderton Capital, with contributions from new investor Aglaé and returning backer Y Combinator, among others.
Details:
This surge in funding, raising the total to $64 million, comes as Photoroom experiences significant growth, boasting 150 million downloads and processing around 5 billion images annually. Despite initial expectations of over $50 million, the funding fell slightly short. Photoroom competes in a robust market alongside rivals like Picsart and Pixelcut, yet continues to expand its user base through its app, API, and web interface.
The investment will fuel hiring, R&D, and infrastructure enhancement. Currently, Photoroom, with a workforce of 50, aims to double this number by year's end.
Unlike many startups, Photoroom has dedicated efforts to developing its AI models from scratch, necessitating significant investment in computing power and image rights. .
At a time when tech layoffs are rampant, Photoroom's team is set to grow, aiming to refine their groundbreaking AI that simplifies product photography, proving that innovation and growth can indeed go hand in hand..
Image credit: Google
Genie, a groundbreaking tool from Google DeepMind, is changing how we interact with images by turning any picture—whether a sketch, photograph, or text-generated scene—into an interactive, playable world.
Details:
This innovative technology, called a foundation world model, crafts endless 2D worlds that are action-controllable from just about any image input. It learns autonomously from a vast collection of internet videos, identifying which elements of an image can be interactive and the possible actions, all without pre-labeled instructions.
What sets Genie apart is its ability to bring any image to life, enabling the creation of dynamic worlds from simple drawings or digital images. This isn't just for entertainment; it's a significant step toward enhancing AI intelligence, providing AI systems with a diverse range of virtual environments to navigate and learn from.
Genie's capability to apply learned actions to real-world scenarios highlights its potential in advancing AI interaction and understanding, making it a game-changer in digital and AI-driven creativity.
Image credit: Adobe
Adobe has introduced an exciting project at the Hot Pod Summit in Brooklyn, called Project Music GenAI Control. This innovative platform lets users create music using text descriptions like "happy dance" or "sad jazz," or even from a melody they provide.
Details:
Users can tweak various aspects of their music, such as tempo, intensity, and structure, making it possible to extend tracks or create endless loops. While still in the research phase and without a user interface, Adobe is working closely with the University of California and Carnegie Mellon to bring this tool to the public eventually..
Adobe's approach to GenAI music creation addresses ethical and legal concerns by focusing on data that's either licensed or public domain, avoiding copyright issues.
Adobe's also thinking about how to make sure everyone knows when a tune's made with their tool, but they're still figuring that out.
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BYTE SIZED NEWS
Baidu Inc takes a hit as its profit drops by 48%, showcasing the growing costs of AI development and fending off competitors in the tech arena. Despite a 6% rise in revenue, the Chinese AI leader faces challenges amid a severe economic downturn.
Google is currently offering free two-month trial for Google One AI Premium plan, which lets you try and use Gemini Advanced in apps and services like Gmail, Docs, Sheets and Meets.
Automattic, the parent company of Tumblr and WordPress, has reportedly struck deals with OpenAI and Midjourney to sell user-generated content. This data will be used to train artificial intelligence (AI) models. While the specifics of the deals remain unclear, this development raises questions about data privacy and ethical practices. Users may soon have the option to opt out of sharing their data for AI training
OpenAI has filed a motion in Manhattan federal court, seeking the dismissal of parts of The New York Times’ copyright lawsuit. The AI organization alleges that the newspaper engaged in unethical practices by manipulating its AI systems, including the chatbot ChatGPT, to produce misleading evidence. OpenAI contends that the Times used deceptive prompts that violated OpenAI’s terms of use, leading to the reproduction of its material.
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