Pinterest has added more AI options for visual search, hoping to drive discovery. The idea is to make it easier to segment elements in Pin image searches, building databases of relevant or personally associated products. When users view a Pin, they’ll now also see AI-generated words that can be used to learn more about elements of an image that interest them, including informationally and to facilitate shopping. “We’re breaking down and decoding images so users can quickly search and shop for the details of an outfit — whether it’s an aesthetic, color palette, fit or product category,” according to Pinterest. Read more

Netflix is testing a short-form video feature for mobile to compete for the attention of those spending time on platforms such as TikTok, Instagram Reels and YouTube Shorts. The news came out of the company’s inaugural product and tech event where it also shared plans for an OpenAI-powered search tool that lets users describe their desired content conversationally. Netflix plans to introduce improved real-time recommendations and a redesigned TV homepage, rolling out globally in the coming weeks and months, according to Chief Product Officer Eunice Kim, who presided over the event with Chief Technology Officer Elizabeth Stone. Read more

Disney revenue hit $23.6 billion during the recent quarter, a 7 percent increase year-over-year, with net income vaulting to $3.28 billion, up from a $20 million loss during the same period last year. The results outperformed on the top and bottom lines, sending shares surging by about 10 percent on Wednesday morning. Disney’s strong fiscal second quarter was propelled by better-than-expected Disney+ subscriber growth of +1.4 million subscribers and energetic overall performances in Entertainment as well as Experiences. The icing on the earnings cake was news of a new theme park planned for Abu Dhabi, announced by CEO Bob Iger. Read more

Design software startup Figma is rolling out new products and AI upgrades that aim to make the company a one-stop creative ecosystem for taking projects from concept to execution without any third-party apps. At its flagship Figma Config event in San Francisco, the company introduced new products for branded marketing, digital illustration, website building and AI coding, all designed to compete with leaders in the field. “In a world where software is growing exponentially, design is a differentiator that will make great companies and products stand out,” said Figma CEO and co-founder Dylan Field. Read more

Lightricks, the company behind the Facetune and Videoleap apps, has released a new video model called LTX Video, or LTXV, that generates what the company describes as high-quality AI video at speeds up to 30 times faster than competing products, and does it using consumer-grade hardware. The open-source, 13-billion parameter model achieves such efficiency by utilizing an approach called multiscale rendering, which generates video in progressively detailed layers. The program can run on high-end laptops and standard desktop computers, opening up generative video to an audience beyond those who have access to enterprise equipment. Read more