During Nvidia’s GTC AI Conference in San Jose earlier this month, VP and GM of Media & Entertainment Richard Kerris presented the Nvidia Media2 initiative that builds on the company’s Blackwell GPU foundation to enable real-time AI solutions for all aspects of media production workflows. His talk showcased a broad range of generative AI breakthroughs in real-time ray tracing and VFX, video search and summarization, and musically-based sound effects (SFX). Kerris also shared insights on the media industry’s reception to AI thus far and humbly implored the audience to consider using such technology as an effective new tool for storytelling. Read more

Just prior to the start of the weekend, Elon Musk announced that his artificial intelligence company xAI is acquiring his social media platform X (formerly Twitter) “in an all-stock transaction,” valuing xAI at $80 billion and X at $33 billion ($45 billion less $12 billion in debt). The merger has the potential to create a powerful GenAI-powered content platform. The billionaire purchased Twitter in late 2022 for $44 billion, following months of legal skirmishes. According to Musk, X currently touts more than 600 million active users, while “xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale.” Read more

Tech firm Infinite Reality — which specializes in AI-powered 3D immersive experiences — has agreed to pay $207 million for Napster, the 26-year-old music streaming service. The sellers are crypto investment firm Hivemind Capital Partners and blockchain firm Algorand, that acquired the platform in 2022. Infinite Reality is privately held, listing among its investors Liberty Media, Live Nation, MGM, T-Mobile and Barry Diller’s IAC. The company plans to steer Napster to superfan experiences, making it “more immersive, more social, and more shoppable.” Napster CEO Jon Vlassopulos, former global music chief at Roblox, will continue in his current post. Read more

China’s Ant Group is using local semiconductors to train AI at a cost that is 20 percent less than companies typically spend, according to reports. Ant used domestic chips — from companies including Alibaba, an investor in Ant, and Huawei — to launch a unique Mixture of Experts (MoE) training approach that produced results commensurate to training with Nvidia H800 chips. Ant is the latest Chinese company to focus on low cost training, joining a competition triggered by DeepSeek, which in January announced it could build AI comparable to the models released by U.S. companies like OpenAI, Anthropic and Google for billions less. Read more

Alibaba Cloud has released Qwen2.5-Omni-7B, a new AI model the company claims is efficient enough to run on edge devices like mobile phones and laptops. Boasting a relatively light 7-billion parameter footprint, Qwen2.5-Omni-7B understands text, images, audio and video and generates real-time responses in text and natural speech. Alibaba says its combination of compact size and multimodal capabilities is “unique,” offering “the perfect foundation for developing agile, cost-effective AI agents that deliver tangible value, especially intelligent voice applications.” One example would be using a phone’s camera to help a vision impaired-person navigate their environment. Read more