IMAX 3.0 Underway with Acquisition of Streaming Tech Firm

IMAX Corp. has acquired SSIMWAVE, a leader in AI-driven video streaming solutions for $21 million in a mostly cash deal. Ontario-based SSIMWAVE lists Disney, Paramount Global and Warner Bros. Discovery among those currently using its technology, which lets streaming and broadcast providers deliver what IMAX says is “the best possible image” to any device for on-demand and live video. The move marks a significant expansion of IMAX’s strategy to deliver its own super-sized content at the highest quality to a variety of screens, including phones. As a service, SSIMWAVE fits IMAX’s financial strategy to generate new, recurring revenue. Continue reading IMAX 3.0 Underway with Acquisition of Streaming Tech Firm

OpenAI Rolls Out Open-Source Speech Recognition System

OpenAI has released a new open source AI speech recognition model called Whisper that can recognize and translate audio at levels it says compare in accuracy and robustness to human abilities. Case uses include transcription of speeches, interviews, podcasts and conversations. “Moreover, it enables transcription in multiple languages, as well as translation from those languages into English,” says OpenAI, which is open-sourcing models and inference code on GitHub “to serve as a foundation for building useful applications and for further research on robust speech processing.” Continue reading OpenAI Rolls Out Open-Source Speech Recognition System

Nvidia Introduces AI-Powered GPUs and Cloud LLM Services

“Computing is advancing at incredible speeds. Acceleration is propelling this rocket, and it’s fuel is AI,” Nvidia founder and CEO Jensen Huang said in his 2022 GTC conference keynote, announcing two new AI services: the Nvidia NeMo large language model service, which helps customize LLMs, and the Nvidia BioNeMo LLM service, aimed at bio researchers. Nvidia also unveiled its GeForce RTX 40 Series GPUs, shipping Q4. Powered by the company’s new architecture, Ada Lovelace, the two new models — GeForce RTX 4090 and GeForce RTX 4080 — offer better ray tracing performance and AI-based neural graphics. Continue reading Nvidia Introduces AI-Powered GPUs and Cloud LLM Services

D-ID Creative Reality Studio Helps Users Make DIY AI Videos

Artificial intelligence company D-ID has launched a new presentation platform that can generate video from a single image and text. Creative Reality Studio offers from among 270 voices and 119 languages that users can pair with one of the company’s original avatar creations or an uploaded photo. The product is aimed at markets including education, the metaverse, advertising and sales. The company is offering a limited free 14-day trial, after which users would be required to switch to a $49 per month Pro subscription or higher-end Enterprise plan (pricing available on request). Continue reading D-ID Creative Reality Studio Helps Users Make DIY AI Videos

Nvidia, Intel and ARM Publish New FP8 AI Interchange Format

Nvidia, Intel and ARM have published a draft specification for a common AI interchange format aimed at faster and more efficient system development. The proposed “8-bit floating point” standard, known as FP8, will potentially accelerate both training and operating the systems by reducing memory usage and optimizing interconnect bandwidth. The lower precision number format is a key factor in driving efficiency. Transformer networks, in particular, benefit from an 8-bit floating point precision, and having a common interchange format should facilitate interoperability advances for both hardware and software platforms. Continue reading Nvidia, Intel and ARM Publish New FP8 AI Interchange Format

FTC Explores New Rules Surrounding Data Collection and AI

The Electronic Privacy Information Center is calling on the Federal Trade Commission to create rules that would protect the digital privacy of teens. Human Rights Watch is asking the FTC for safeguards to prevent education companies from selling minors’ personal information to data brokers and a ban on data-driven advertising targeting children. Both groups were represented at the FTC’s first public forum to explore adopting new rules around data collection and AI training on personal data. Practices the FTC is examining include the timeframe in which companies can retain consumer data and mandating audits of automated decision-making systems. Continue reading FTC Explores New Rules Surrounding Data Collection and AI

EU’s AI Act Could Present Dangers for Open-Source Coders

The EU’s draft AI Act is causing quite a stir, particular as it pertains to regulating general-purpose artificial intelligence, including guidelines for open source developers that specify procedures for accuracy, risk management, transparency, technical documentation and data governance, well as cybersecurity. The first law on AI by a major regulator anywhere, the proposed AI Act seeks to promote “trustworthy AI,” but some are critical that as written the legislation could hurt open efforts to develop AI systems. The EU is seeking industry input as the proposal heads for a vote this fall. Continue reading EU’s AI Act Could Present Dangers for Open-Source Coders

Meta Adding a Customer Service Unit for Content Complaints

Based on feedback from its Oversight Board, Meta Platforms is creating a customer-service division that will help users of its social networks who have experienced issues with accounts being unexpectedly locked or posts being removed. In addition to Facebook and Instagram, Meta operates WhatsApp, Messenger and Horizon Worlds, collectively serving more than 3 billion global users. The early-stage initiative has reportedly been escalated as Meta’s use of artificial intelligence for content moderation has resulted in increased customer frustration over content removal with little notice or explanation. Continue reading Meta Adding a Customer Service Unit for Content Complaints

Google Debuts AI Test Kitchen, LaMDA Language Generator

Google has launched an AI Test Kitchen and is inviting users to sign up to test experimental AI-powered systems and provide feedback before the applications are deployed for commercial use. First up is the Language Model for Dialogue Applications (LaMDA), which has shown promising early results. The AI Test Kitchen has begun a gradual rollout to small groups of U.S. on Android with plans to include iOS in the coming weeks. According to Google, “as we move ahead with development, we feel a great responsibility to get this right.”  Continue reading Google Debuts AI Test Kitchen, LaMDA Language Generator

‘Fortnite’ Metaverse Build-Out Gets iHeartLand Music Venue

Epic Games is getting another major venue in its “Fortnite” metaverse with an iHeartMedia digital headquarters. The complex, iHeartLand, includes a main stage, recording studio and game park. An interesting example of how virtual reality is mapping IRL commercially, the concert venue struck a naming rights deal with insurance company State Farm. In addition to avatar concerts, State Farm Park features a large screen that can display 2D performances, the format chosen by inaugural guest Charlie Puth for his September 9 show. Continue reading ‘Fortnite’ Metaverse Build-Out Gets iHeartLand Music Venue

Inworld Raises $50M to Create AI-Powered Virtual Characters

Virtual character developer platform Inworld AI has raised $50 million in a Series A funding round led by Section 32 and Intel Capital. The Mountain View-based startup — one of six companies chosen to participate in the 2022 Disney Accelerator — will create virtual characters for games, the metaverse and other entertainment and marketing applications. Because it is focused on providing an interior life, or “mind,” Inworld AI is platform agnostic, with APIs that work across Unity, Unreal Engine, Omniverse and others. Another convenient feature: it lets developers build characters by describing them in natural language. Continue reading Inworld Raises $50M to Create AI-Powered Virtual Characters

Industry Leaders Discuss Virtual Beings at ETC Town Square

Five industry experts were invited to give 25-minute presentations over Zoom to the ETC@USC membership last week on the theme of virtual beings. Discussions addressed creating a more emotive and relatable personality and improving the image, sound and body language of virtual characters. The presenters were chosen because of their efforts to bring a new dimension to related discussions taking place within ETC’s member companies. The talks were recorded and posted on ETCentric in support of ETC’s mission of sharing information and educating the industry. Continue reading Industry Leaders Discuss Virtual Beings at ETC Town Square

Meta Developing a Neural Network to Turbocharge Wikipedia

Meta AI, the artificial intelligence unit of Meta Platforms has developed what it believes is a machine learning model that can simultaneously scan hundreds of thousands of Wikipedia citations to check their accuracy. While the Wikimedia Foundation, which runs Wikipedia, already uses bots, Meta’s proposal would be more extensive than anything currently deployed. Trained using a dataset of 4 million Wikipedia citations, the new Meta AI tool analyzes the linked references, verifying corroboration. With more than 17,000 new Wikipedia articles added each month, this is no small feat. Continue reading Meta Developing a Neural Network to Turbocharge Wikipedia

Meta Expands Advantage Program with AI-Powered Ad Tools

Meta Platforms is expanding its Meta Advantage advertising automation program, an effort to mitigate fallout from Apple’s consumer privacy measures, which have substantially constrained its ability to target and personalize ads. Launched in March, Meta Advantage bundles AI and ad automation tools to simplify the process for advertisers. This week the company added Advantage+ Shopping, assisting in campaign creation, simultaneously offering up to 150 automated creative combinations. The update offers more options to e-commerce brands and is geared toward optimizing the presence of Facebook or Instagram storefronts. Continue reading Meta Expands Advantage Program with AI-Powered Ad Tools

Stability AI Releases Stable Diffusion Text-to-Image Generator

Stability AI is in the first stage of release of Stable Diffusion, a text-to-image generator similar in functionality to OpenAI’s DALL-E 2, with one important distinction: this open-source newcomer lacks the filters that prevent the earlier system from creating images of public figures or content deemed excessively toxic. Last week the Stable Diffusion code was made available to just over a thousand researchers and the Los Altos-based startup anticipates a public release in the coming weeks. The unfettered unleashing of a powerful imaging system has stirred controversy in the AI community, raising ethical questions. Continue reading Stability AI Releases Stable Diffusion Text-to-Image Generator