AI-powered video just got real. A Reddit user whipped up a Volvo commercial in less than a day using RunwayML’s new tech, and it looks shockingly good.
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➊ Top Tier AI-Generated Volvo Ad
Reddit user u/hello_laco created an impressive AI-generated Volvo commercial using RunwayML’s Gen-3 Alpha model in under 24 hours. This high-quality video demonstrates the potential of AI to revolutionize the advertising industry.
➋ Chinese AI Firms Seize Opportunity
OpenAI’s decision to block access in China has spurred local AI companies like SenseTime and Baidu to vie for users left in the lurch. These firms are offering free tokens and migration services to attract former OpenAI customers amid rising US-China tensions.
➌ Stability AI Expands Free Access
Stability AI has updated its licensing agreement for Stable Diffusion, expanding free access for non-commercial use and small businesses under $1M in revenue. The company is also improving the SD3 Medium model to address user feedback on its performance with novel poses and uncommon words.
➍ Bets on AI-Powered Robots to Solve Labor Shortage
Major tech companies like Tesla, Amazon, and Microsoft are heavily investing in AI-driven humanoid robots. These firms believe intelligent machines can help address global worker scarcity, with the robotics market projected to reach $38 billion in two decades.
➎ AI Training Costs to Skyrocket to $10 Billion by 2025
Anthropic CEO Dario Amodei predicts AI training costs could reach $10 billion by 2025-2027, and potentially even $100 billion. He notes models in development today already cost around $1 billion to train, up from $100 million for current state-of-the-art models.
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✦ The top news expanded!
Reddit User Generates Impressive AI-Powered Volvo Commercial in Under 24 Hours
Video creator and colorist Laszlo Gaal experiment with RunwayML’s latest text-to-video model yields stunning results, showcasing AI’s potential in advertising.
- Laszlo Gaal creates a high-quality Volvo commercial using RunwayML’s Gen-3 Alpha model, spending less than 24 hours on the entire project.
- All video shots were AI-generated using text prompts, with minor post-production tweaks made in After Effects for polishing.
- The creator believes Gen-3 is a game-changer for the video industry, offering cost-effective and time-efficient production compared to traditional methods.
✦ The top news expanded!
Chinese AI Firms Capitalize on OpenAI’s Departure Amid US-China Tech Tensions
As OpenAI blocks access in China, local AI companies seize the opportunity to attract users and showcase their own advanced models.
- OpenAI’s decision to block Chinese access starting July 9th has spurred local AI firms like SenseTime and Baidu to vie for users left in the lurch.
- Chinese AI companies are offering free tokens and migration services to former OpenAI customers, aiming to expand their user base amid the shifting AI landscape.
- The rift with OpenAI could accelerate the development of Chinese AI, but US restrictions on semiconductors may hinder innovation and profitability in China’s AI industry.
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✦ The top news expanded!
Stability AI Expands Free Access and Improves Stable Diffusion Models
Stability AI updates its licensing terms for Stable Diffusion, broadening free use cases and enhancing model performance.
- Stability AI’s new “Community License” allows free commercial use of Stable Diffusion for businesses under $1M in annual revenue and removes limits on generated content.
- The company is improving its SD3 Medium model to address user feedback regarding new poses and uncommon words after initial criticism of the model’s performance.
- Stability AI collaborated with NVIDIA and AMD to optimize Stable Diffusion’s performance, with NVIDIA’s TensorRT delivering a 50% speed boost on compatible GPUs.
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