American consumers set a new online shopping record for Black Friday, spending $9.8 billion on November 24, a record for the famous sales day and a 5.7 percent increase over 2022, according to Adobe Analytics. Thanksgiving Day online sales were also strong, rising 5.5 percent to $5.6 billion, per Adobe, which predicts that Cyber Monday numbers will blow past both those days, projecting U.S. consumer spending of between $12 billion and $12.4 billion for another new record. A notable trend during the holiday shopping weekend was increased reliance on “buy now, pay later” deals. Continue reading Black Friday Sets Sales and Mobile Shopping Records in U.S.

Nvidia logged another record quarter, with Q3 revenue of $18.12 billion, up 206 percent from a year ago and a 34 percent increase from Q2 that exceeded both its own and analyst projections. The surge, attributed to increasing demand for the chips that drive artificial intelligence, logged primarily under Nvidia’s data center results a record $14.51 billion, up 279 percent from the prior year and 41 percent from Q2. Profits swelled to $9.2 billion, a stunning 1,259 percent increase from 2022’s $680 million. The results for Nvidia’s Q3 were for the three-month period ending October 31. Continue reading Nvidia Sales Surge as Rivals Circle and China Sanctions Loom

Stability AI has opened research preview on its first foundation model for generative video, Stable Video Diffusion, offering text-to-video and image-to-video. Based on the company’s Stable Diffusion text-to-image model, the new open-source model generates video by animating existing still frames, including “multi-view synthesis.” While the company plans to enhance and extend the model’s capabilities, it currently comes in two versions: SVD, which transforms stills into 576×1024 videos of 14 frames, and SVD-XT that generates up to 24 frames — each at between three and 30 frames per second. Continue reading Stability Introduces GenAI Video Model: Stable Video Diffusion

The Hisense 110UX TV, a 110-inch diagonal screen said to have 10,000 nits of peak brightness — five times greater than that of the best OLEDs — will make its official debut at the 2024 Consumer Electronics Show in Las Vegas. With more than 40,000 backlight zones for local dimming and high levels of color volume, Hisense says it achieves 95 percent of the BT.2020 color palette, or about 20 percent better than the top OLEDs. Developed on Hisense’s ULED X platform, the preview photo showed it on a console-style stand that appeared to house its own audio system. Continue reading Hisense to Debut ‘World’s Brightest’ 110-Inch TV at CES 2024

Just four days after being pushed out by the OpenAI board, Sam Altman will be reinstated as CEO of the company he co-founded. His return as chief executive was announced in a series of online posts. In addition, most of the company’s board members will be replaced. Following Altman’s firing, Microsoft CEO Satya Nadella had announced Altman would lead a new advanced AI research team to run independently within Microsoft. However, hundreds of OpenAI employees, including co-founder and board member Ilya Sutskever, continued to push for Altman’s return, threatening to quit if he was not reinstated. Continue reading In Latest Twist, Sam Altman Is Reinstated as CEO of OpenAI

Music tech studio CreateSafe has officially launched its generative AI-powered platform Triniti in open beta. Triniti lets artists create AI voice clones, generate text-to-audio samples, get assistance monetizing and managing music IP or interact with a chatbot on industry-specific music questions. The company has raised $4.6 million in a seed round led by cryptocurrency and blockchain investment firm Polychain Capital to further develop Triniti. Crush Ventures, hip hop music manager Anthony Saleh, and Paris Hilton’s 11:11 Media also participated in the funding round. Continue reading Voice Cloning Startup CreateSafe Introduces GenAI Platform

Adobe has unveiled Project Sound Lift, an AI-powered technology that separates speech recordings into discrete tracks of voices, non-speech sounds and other background noise in video. The company describes Project Sound Lift as “a one-click solution” that leverages AI to help users easily manipulate audio recordings “across a range of scenarios” to “enhance, transform, and control speech and sound independently.” Adobe’s existing Enhance Speech technology, available in the company’s Premiere Pro editing program, has been integrated within Project Sound Lift to aid creators in producing studio-quality audio content. Continue reading Adobe Reveals Its New AI Tool for Editing Problematic Audio

GitHub Copilot Chat for enterprise becomes generally available in December, and the GitHub site is integrating the artificial intelligence assistant across its entire platform, promising that AI will infuse every step of the developer lifecycle. “Just as GitHub was founded on Git, today we are re-founded on Copilot,” the Microsoft-owned company announced this month. Powered by OpenAI’s GPT-4, the new configuration will offer inline Copilot Chat for code questions, contextual guidance and “slash commands” for /fix and /test. The AI tool is designed to assist coders with their everyday workflows with a series of “one-click” assists and other shortcuts. Continue reading GitHub Copilot Brings AI-Powered Coding Tool to Enterprise

The latest Entertainment Technology Center student challenge launched on October 5. Technology and processes in the entertainment industry are changing rapidly, yet the goals of the entertainment and experience industries remain the same. Students from the schools of cinematic arts, engineering, business, communication, and innovation were asked: How can we forge alliances between the legacy community which has a deep knowledge of the storytelling arts and the rising filmmakers and creators helping to shape new tools and resources? How would you like to access these amazing legacy talents as you develop your own storytelling skills using new tools? How would you like organizations and institutions around you to support your ideas? Continue reading ETC Student Challenge: Future of Creative Media Resources

Germany, France and Italy have reached an agreement on a strategy to regulate artificial intelligence. The agreement comes on the heels of infighting among key European Union member states that has held up legislation and could potentially accelerate the broader EU negotiations. The three governments support binding voluntary commitments for large and small AI providers and endorse “mandatory self-regulation through codes of conduct” for foundation models while opposing “un-tested norms.” The paper underscores that “the AI Act regulates the application of AI and not the technology as such” and says the “inherent risks” are in the application, not the technology. Continue reading Germany, France and Italy Strike AI Deal, Pushing EU Forward

Microsoft is previewing a new cloud-based Windows App that lets users securely stream Windows remotely using Azure Virtual Desktop, Windows 365, Microsoft Dev Box, Remote Desktop Services or remote PCs. The new Windows App also works with iOS, iPadOS, macOS, Windows, and web browsers. “When using a web browser on a desktop or laptop, you can connect without having to download and install any software,” Microsoft explains. Smartphones and tablets are also supported, but at the moment the preview does not offer dedicated Android support. Continue reading New Windows App Allows Remote Workflow Using the Cloud

Samsung TV Plus reports it has seen enthusiastic consumer use over the past year, with a 60 percent rise in global viewership. Accordingly, the TV maker is upgrading its free streaming service — available on Galaxy devices, Samsung Smart TVs, Smart Monitors and Family Hub appliances and on the Web — with an emphasis on discoverability for kids and music programming. Launched in 2015, the free ad-supported TV (FAST) and ad-based video on-demand (AVOD) service offers content spanning news, sports, entertainment, music, and more, in 24 countries where it is accessed on 535 million TV and mobile devices. Continue reading Samsung TV Plus Hits Refresh on a 60 Percent Viewer Surge

Rumors were running rampant over the weekend as an unanticipated executive shuffle played out at OpenAI. It began on Friday when CEO Sam Altman was pushed out by the OpenAI board. President and co-founder Greg Brockman quickly resigned in solidarity, followed by several top researchers. Reports circulated the following day that investors were pressuring the board into reconsidering its decision, but by Sunday evening, OpenAI announced that former Twitch leader Emmett Shear would serve as the new interim chief. Shortly after, Microsoft CEO Satya Nadella said Altman, Brockman and other OpenAI employees would join Microsoft to lead an advanced AI research unit. Continue reading Sam Altman Joins Microsoft After Abruptly Ousted by OpenAI

Having made the leap from image generation to video generation over the course of a few months in 2022, Meta Platforms introduces Emu, its first visual foundational model, along with Emu Video and Emu Edit, positioned as milestones in the trek to AI moviemaking. Emu uses just two diffusion models to generate 512×512 four-second long videos at 16 frames per second, Meta said, comparing that to 2022’s Make-A-Video, which requires a “cascade” of five models. Internal research found Emu video generations were “strongly preferred” over the Make-A-Video model based on quality (96 percent) and prompt fidelity (85 percent). Continue reading Meta Touts Its Emu Foundational Model for Video and Editing

Unity has officially released its Muse AI platform for general use in early access. Muse is a suite of AI-powered tools that streamline game development. The Muse package includes Muse Chat to source answers and generate code, Muse Sprite for 2D sprites generation, and Muse Texture, providing 2D and 3D ready textures. Originally announced in July, Muse is now offered at a $30 per month subscription. Also announced at the firm’s annual Unite conference was the next major software update, Unity 6, for 2024, and the deployment of Unity Cloud to connect development tools across projects and pipelines. Continue reading Unity Opens Beta for Muse AI, Sets General Release for 2024