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- Runway Teams Up with Getty Images for Enterprise AI Tools
Runway Teams Up with Getty Images for Enterprise AI Tools
Plus Meta and IBM partner to promote Open Source AI
Welcome back for the Latest AI Drops!
Today’s Drops:
Runway Teams Up with Getty Images for Enterprise AI Tools
Meta and IBM partner to promote Open Source AI
Trending on X “MagicAnimate”
AI News Headlines: Nvidia focuses on Japan's AI market; Mistral AI nears $2B valuation; AssemblyAI raises $50M for speech AI; Bumble adds AI icebreakers
Trending GitHub Projects
Latest AI Tools
Read Time: 3.5 minutes
Runway Teams Up with Getty Images for Enterprise AI Tools
Runway is collaborating with Getty Images to introduce a new video model explicitly designed for enterprise customers, catering to the growing demand for high-quality, customized video content. This partnership combines Runway's AI technology with Getty Images' extensive, fully licensed creative content library.
The Runway <> Getty Images Model (RGM) will serve as a foundation for companies to develop customized video content, allowing fine-tuning with proprietary datasets. This will enable various industries—including Hollywood studios, advertising agencies, media, and broadcasting companies—to augment their creative processes. This collaboration facilitates the creation of new content workflows and helps in crafting experiences that resonate with the specific styles, brand identities, and audiences of these enterprises.
Runway CEO Cristóbal Valenzuela and Getty Images' Chief Product Officer Grant Farhall express excitement about this collaboration. Valenzuela emphasizes the enhancement of creative control and customization this partnership brings, foreseeing new commercial applications and video products. Farhall highlights the combination of human talent and advanced technology, pointing to the vast potential this holds for creative video production.
This initiative represents a significant step in utilizing AI and video generation technologies, making it easier for enterprises to create professional, engaging, and brand-consistent content.
Meta and IBM partner to promote Open Source AI
The recently formed AI Alliance, spearheaded by Meta Platforms and IBM, marks a significant shift in the AI landscape. This coalition, comprising over 50 entities, including tech giants like Intel and Oracle, prestigious academic institutions such as Cornell University, and pivotal organizations like the National Science Foundation, is championing an open-source AI model. This initiative stands in contrast to the proprietary-closed AI systems that have been prevalent, notably OpenAI's ChatGPT.
The alliance aims to foster a diverse and inclusive AI ecosystem, moving away from the dominance of closed AI models. Companies such as AMD and ServiceNow are key participants, seeing this as an opportunity to enhance their presence in the AI market, which OpenAI and Microsoft have largely overshadowed. This move comes when global spending on generative AI solutions surges, with businesses increasingly seeking multiple AI vendors to avoid dependency on a single provider.
The focus of the AI Alliance is broad, encompassing areas like regulation, safety, and the integration of AI hardware and software to facilitate the adoption of AI across various industries. This initiative responds to the need for a more resilient and accessible AI technology landscape, emphasizing collaboration and open-source development.
Why this matters: The formation of the AI Alliance is a pivotal moment, signalling a collective shift towards more open, diverse, and collaborative AI technologies in a market that a few key players have dominated.
Trending on X
MagicAnimate from ByteDance Inc team allows you to animate a human image following a given motion sequence.
Check out the video here
AI News Headlines
Nvidia's CEO, Jensen Huang, has pledged to prioritize supplying the company's AI processors to Japan, recognizing the extremely high market demand there. Link
Mistral AI, a French AI startup competing with OpenAI, is close to reaching a $2 billion valuation with a new funding round of about €450 million ($487 million), including major investments from Nvidia and Salesforce. Mistral, known for its efficient, open-source AI software for chatbots, was founded by ex-DeepMind and Meta Platforms scientists.Link
AssemblyAI, an "applied AI" startup, has raised $50 million in a funding round led by Accel, boosting its total capital to $115 million. The company specializes in AI speech models and has seen its customer base grow by 200% to 4,000 brands. It handles 25 million API calls per day and is used by over 200,000 developers. Link
Bumble For Friends leverages AI to assist users in crafting engaging icebreaker messages, offering the option to modify the question, request alternative suggestions, or compose their own, with the limitation of one AI-generated icebreaker per chat and currently supporting suggestions exclusively in English.Link
Welcome to the innovative world of GitHub projects!
Unslothai is focused on fine-tuning large language models (LLMs) in a more efficient way. It helps achieve a speed increase of upto 5 times faster and requires 50% less memory compared to conventional methods.
TaskWeaver by Microsoft is a framework for planning and executing data analytics tasks, utilizing coded snippets and plugins. Key features include support for rich data structures, custom algorithms, domain-specific knowledge, etc.
W-okada is a realtime voice changer client software. It utilizes various voice conversion AI (VC) for real-time audio transformation.
XAgent is an open-source experimental LLM driven autonomous agent that can automatically solve various tasks.Goal is to create a super-intelligent agent that can solve any given task.
SeamlessM4T is Meta’s foundational all-in-one Massively Multilingual and Multimodal Machine Translation model delivering high-quality translation for speech and text in nearly 100 languages.
Latest AI Tools
D-ID’s Creative Reality Studio app brings a new era of AI videos to your fingertips. The app enables users to create customized digital humans that look, sound, and speak like real people.
Papermark AI is your open-source AI document assistant. Ask your document a question, get a quick summary of a sales deck, turn a pitchdeck into an investment memo.
Magic Studio's AI helps effortlessly clean watermarks from any image.
Ddle.dev is a simple ai-powered tool that helps you to create interactive walkthroughs for your website.
Chatio.ai helps build ChatGPT like chatbot for your website.