AI-centric crypto firms SingularityNET, Fetch.ai and Ocean Protocol will merge their tokens under a single token known as the Artificial Superintelligence token, ASI, with a fully diluted value of $7.6 billion. Although the three companies will continue to operate separately, an Artificial Superintelligence Alliance comprised of members from each will guide the vision. The ASIA goal is to develop decentralized AI technology on blockchain as an alternative to the large corporations currently controlling AI. The end game, to create artificial general intelligence. The merger is contingent on approval from each community’s members. Read more

Researchers from the Massachusetts Institute of Technology and Adobe have unveiled a new AI acceleration tool that makes generative apps like DALL-E 3 and Stable Diffusion up to 30x faster by reducing the process to a single step. The new approach, called distribution matching distillation, or DMD, maintains or enhances image quality while greatly streamlining the process. Theoretically, the technique “marries the principles of generative adversarial networks (GANs) with those of diffusion models,” consolidating “the hundred steps of iterative refinement required by current diffusion models” into one step, MIT PhD student and project lead Tianwei Yin says. Read more

Microsoft is making improvements to the way its Copilot AI assistant works in Microsoft Teams and is using artificial intelligence to further integrate hybrid meetings. As the company leans deeper into AI, it continues to push hardware manufacturers to build an AI-optimized PC, making sure to include a dedicated Microsoft Copilot key. Microsoft joins Intel, Qualcomm and AMD in championing purpose-built AI PCs. In the meantime, the tech giant continues to build out features for existing PCs. The company is adding new ways to tap into the Copilot tool for meetings, chats, summaries and more. Read more

U.S. recorded music revenue grew 8 percent in 2023, to an estimated record high of $17.1 billion at retail. It was the eighth consecutive year of growth, according to the RIAA, which says streaming continued to be the biggest driver, notching new heights of paid subscriptions, robust growth in ad-supported listening, and healthy increased contributions from new platforms. Streaming accounted for 84 percent of retail revenue, at $14.4 billion including from 96.8 million paid subscriptions. On the supply-side, wholesale revenue grew 7 percent to $11 billion, also a record. Read more

OpenAI’s Sora text- and image-to-video tool isn’t publicly available yet, but the company is showing what it’s capable of by putting it in the hands of seven artists. The results — from a short film about a balloon man to a hybrid flamingo giraffe — are stirring excitement and priming the pump for what OpenAI CTO Mira Murati says will be a 2024 general release. Challenges include making it cheaper to run and enhancing guardrails. Since introducing Sora last month, OpenAI says it’s “been working with visual artists, designers, creative directors and filmmakers to learn how Sora might aid in their creative process.” Read more