Community message board and social news aggregator Reddit, founded in 2005, has filed to go public on the New York Stock Exchange in an IPO observers say may be complete in a matter of weeks. It is the first social media company to go public in many years, with Snap Inc.’s 2017 offering cited as the most recent stock market splash. Reddit’s bankers are reportedly seeking a $5 billion valuation, about half the $10 billion it was valued at for a 2021 private funding round. Reddit filed with the SEC the same day it announced an “expanded partnership” with Google to use Vertex AI. Continue reading Reddit Announces IPO on Heels of Expanded Deal with Google

New York-based Qloo has raised $25 million to fund an artificial intelligence-powered analytics engine. Drawing on consumer behavioral data from around the globe, Qloo uses proprietary algorithms to filter through more than half a billion attributes, including brands, music, film, TV, podcasts, dining, travel and more. Qloo’s AI models “are capable of identifying trillions of connections between these entities,” the company says, listing Netflix, Michelin and Samsung among those already using the service to find connections between customers who frequent Starbucks and the kind of movies they like. Continue reading Qloo Raises $25M for Ad-Targeting Using AI Taste Predictions

Demand for artificial intelligence computer chips drove Nvidia income up 769 percent to nearly $12.3 billion for Q4, year-over-year, and 286 percent — to just over $29.7 billion — for the full-year fiscal 2024 frame that ended January 28. Revenue was $22.1 billion (+265 percent) and $60.9 billion (+126 percent) for the respective periods. Data center sales hit record highs of $18.4 billion for the quarter, up 409 percent from the previous year, $47.5 billion for the fiscal year, an increase of 217 percent. Gaming revenue was flat for Q4, at $2.9 billion, and up 115 percent for the year. Continue reading Nvidia Revenue and Profits Soar on Strength of AI Chip Sales

“What if you could describe a sound and generate it with AI?,” asks startup ElevenLabs, which set out to do just that, and says it has succeeded. The two-year-old company explains it “used text prompts like ‘waves crashing,’ ‘metal clanging,’ ‘birds chirping,’ and ‘racing car engine’ to generate audio.” Best known for using machine learning to clone voices, the AI firm founded by Google and Palantir alums has yet to make publicly available its new text-to-sound model but began teasing it by releasing online demos this week. Some see the technology as a natural complement to the latest wave of image generators. Continue reading ElevenLabs Promotes Its Latest Advances in AI Audio Effects

Google has unveiled a new policy, the AI Cyber Defense Initiative, designed to harness the power of artificial intelligence to improve global cybersecurity defenses. The proposed policy aims to counteract rapidly evolving threats by using AI to improve threat detection, automate vulnerability management and enhance incident response effectiveness. The Alphabet company introduced its new plan at the Munich Security Conference, where it also announced it has a pool of $2 million to award businesses and academic institutions for research initiatives involving large language models, code verification and other AI uses for cyber offense and defense. Continue reading Google Targets Global Security with AI Cyber Defense Initiative

Researchers at Amazon have trained what they are calling the largest text-to-speech model ever created, which they claim is exhibiting “emergent” qualities — the ability to inherently improve itself at speaking complex sentences naturally. Called BASE TTS, for Big Adaptive Streamable TTS with Emergent abilities, the new model could pave the way for more human-like interactions with AI, reports suggest. Trained on 100,000 hours of public domain speech data, BASE TTS offers “state-of-the-art naturalness” in English as well as some German, Dutch and Spanish. Text-to-speech models are used in developing voice assistants for smart devices and apps and accessibility. Continue reading Amazon Claims ’Emergent Abilities’ for Text-to-Speech Model

OpenAI has debuted a generative video model called Sora that could be a game changer. In OpenAI’s demonstration clips, Sora depicts both fantasy and natural scenes with photorealistic intensity that makes the images appear to be photographed. Although Sora is said to be currently limited to one-minute clips, it is only a matter of time until that expands, which suggests the technology could have a significant impact on all aspects of production — from entertainment to advertising to education. Concerned about Sora’s disinformation potential, OpenAI is proceeding cautiously, and initially making it available only to a select group to help it troubleshoot. Continue reading OpenAI’s Generative Video Tech Is Described as ‘Eye-Popping’

Global streamer Cineverse has launched an AI-powered search and discovery tool called cineSearch. Developed using the Vertex AI platform from Google Cloud, cineSearch will be released in public beta this spring. A waitlist has already been started, and Cineverse says it will be made more widely available in partnership with OEM and third-party streaming platform partners in the coming months. Simultaneously, the Los Angeles-based firm is rolling out a new ad platform called Cineverse 360, or C360 for short, that will connect brands across omnichannel services reaching 82 million monthly viewers at launch. Continue reading Cineverse to Launch cineSearch Powered by Google’s Vertex AI

MoviePass says it has sold more than 1 million tickets since relaunching last spring, and has also announced the first profitable year in the company’s 13-year history. Co-founder and CEO Stacy Spikes, who purchased the company out of bankruptcy in 2021, is giving artificial intelligence much of the credit for the turnaround. The MoviePass Cinematic Marketplace is an aggregator for the theatrical industry that uses AI and machine learning to improve attendance engagement and ticket sales. Spikes says hitting the milestones “highlights the powerful impact” the technology enhancements have had “from the previous business model.” Continue reading MoviePass Reaches 1 Million Tickets Sold and Turns First Profit

Apple has taken a novel approach to animation with Keyframer, using large language models to add motion to static images through natural language prompts. “The application of LLMs to animation is underexplored,” Apple researchers say in a paper that describes Keyframer as an “animation prototyping tool.” Based on input from animators and engineers, Keyframer lets users refine their work through “a combination of prompting and direct editing,” the paper explains. The LLM can generate CSS animation code. Users can also use natural language to request design variations. Continue reading Apple’s Keyframer AI Tool Uses LLMs to Prototype Animation

Stability AI, purveyor of the popular Stable Diffusion image generator, has introduced a completely new model called Stable Cascade. Now in preview, Stable Cascade uses a different architecture than Stable Diffusion’s SDXL that the UK company’s researchers say is more efficient. Cascade builds on a compression architecture called Würstchen (German for “sausage”) that Stability began sharing in research papers early last year. Würstchen is a three-stage process that includes two-step encoding. It uses fewer parameters, meaning less data to train on, greater speed and reduced costs. Continue reading Stability AI Advances Image Generation with Stable Cascade

Slack AI is a new paid add-on for enterprise clients that want to boost productivity using artificial intelligence. Generative capabilities in the initial release include personalized responses to questions, channel recaps and thread summaries that promise to “catch you up on long conversations in one click.” Slack says pilot data indicated customers including Uber and Anthropic “could save an average of 97 minutes per user each week using Slack AI to find answers, distill knowledge and spark ideas.” Slack AI is backward compatible, generating information based on the history built over time on the platform. Continue reading Slack AI Brings Generative Features to Channels and Threads

Google has rebranded its Bard chatbot as Gemini, and is launching a Gemini mobile app along with a subscription offering for Gemini Advanced that will be included as part of the new $19.95 monthly Google One AI Premium plan. As with Bard, Google will continue to make a free version of the Gemini chatbot available. Gemini Advanced is powered by Gemini Ultra, the most sophisticated of the three Gemini AI models Google unveiled in December. “Gemini Advanced not only allows you to have longer, more detailed conversations, it also better understands the context from your previous prompts,” Google explains. Continue reading Google Intros Gemini Advanced Chatbot, One AI Subscription

Web-based transcription service Otter.ai is expanding its toolkit with Meeting GenAI, aimed at corporate customers who want to increase meeting productivity while decreasing effort. Multi-meeting capabilities have been added using Otter AI Chat, which can respond to queries like “What did I miss in the meetings from the past two weeks?” Conversation Summary View summarizes meetings in real-time along with automatically identified action items that are assigned owners, deadlines and tracking. Otter is positioning itself as a David versus the Goliaths of AI meeting assists: Microsoft Copilot, Zoom AI Companion and Google’s Gemini for Workspace. Continue reading Otter Adds New Generative AI Features to Its Meeting Assistant

Nvidia is investing $30 billion in a new business unit focused on custom chips for high-performance computing. The company already controls about 80 percent of the advanced chip market but wants to avoid losing ground as alternatives spring up. Alphabet, AWS, Intel and AMD market high-end processors to third-parties, and Meta is expected to begin deploying its own Artemis AI chips this year. Nvidia has had discussions with Amazon, Google, Meta, Microsoft and OpenAI about helping them create bespoke chips and is also talking to automakers, cloud service providers (CSPs) and telecom companies, according to reports. Continue reading Nvidia to Launch Unit Devoted to Building Custom HPC Chips