- The Business Of AI
- Posts
- 💡 OpenAI's Sora: The Future of Video
💡 OpenAI's Sora: The Future of Video
& Create a Business Using MidJourney
Coming up this week:
- Open AI: Text To Video
- Apple: AI Coming To iWork?
- Money: AI Makes Billionaires
- Google: Gemini 1M Token Window
- Create a Business Using MidJourney
And much more… Learn how these unfolding narratives are shaping The Business of AI.
FEATURED STORY 🔥
OpenAI Unveils Sora: Text To Video
OpenAI has developed Sora, an advanced AI capable of creating high-quality, imaginative video scenes from textual descriptions. This innovative model can produce videos up to 60 seconds long that closely follow the given prompts.
Sora's design allows it to simulate the physical world in motion, aiming to assist in tasks that involve real-world interactions. It can craft intricate scenes featuring multiple characters and detailed backgrounds, while also capturing specific movements.
Despite its capabilities, Sora faces challenges with complex physics simulations and nuanced cause-and-effect scenarios. Sora, which utilizes diffusion and transformer architectures, builds upon previous research from projects like DALL·E and GPT. It represents a significant step towards models that can comprehend and mimic the real world, marking progress in the pursuit of artificial general intelligence (AGI).
Prompt for the video above: A stylish woman walks down a Tokyo street filled with warm glowing neon and animated city signage. She wears a black leather jacket, a long red dress, and black boots, and carries a black purse. She wears sunglasses and red lipstick. She walks confidently and casually. The street is damp and reflective, creating a mirror effect of the colorful lights. Many pedestrians walk about.
This week’s newsletter is sponsored by me… Adam Smith, the co-founder of this newsletter 👋
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TRENDING STORIES 🔥
Apple Acquires "iWork.ai" Domain
Apple recently purchased the "iWork.ai" domain, sparking speculation about potential AI enhancements to its iWork suite. While some suggest this could signal a major update to compete with Microsoft Office and Google Docs, the acquisition might simply be a defensive move to protect the brand.
AI Boom Creates Chipmaker Billionaires
Jensen Huang and Lisa Su, related chipmaker CEOs, have become billionaires amid an AI stock rally. The surge in AI interest has significantly increased the fortunes of tech leaders, with the Bloomberg AI Index attributing $124 billion in wealth gains to its constituents this year.
Google Unveils AI Model Gemini 1.5
Google introduces Gemini 1.5, an AI model with enhanced performance and efficiency. It features a breakthrough in long-context understanding, processing up to 1 million tokens. This advancement enables more complex tasks and applications for developers and enterprise customers, who can now access a limited preview.
Image Of The Week 📷️
MidJourney and Dall-E are cool - but what about using it to create a business? I did some research around the organic search volume for tattoo designs - and it’s MASSIVE!
butterfly tattoo - 187k monthly searches
medusa tattoo - 131k monthly searches
phoenix tattoo - 82k monthly searches
sunflower tattoo - 54k monthly searches
What about using MidJourney to create unique tattoo designs, uploading them to a website, optimizing them for Google organic traffic, and then monetizing via display adverts and selling “premium” tattoo design packs?
We used MidJourney recently to create my wife a Sphynx cat tattoo design (stay tuned for the photo when he has it done in a few weeks)
Simple prompt: a tattoo design of a sphynx cat
What do you think of this business idea? |
Poll Of The Week 💗
Will Sora increase deepfake videos in the near future? |
Last week’s poll results:
Could you spot a deepfake scam if it was happening to you?
🟩🟩🟩🟩🟩🟩 Yes
🟩🟩🟩🟩🟩🟩 No
EYE OPENING NEWS 🧠
The Cybersecurity Game Changer
Cybersecurity is evolving with AI's help, enabling real-time threat detection and response. AI analyzes data, identifies new threats, and automates routine tasks, augmenting traditional security measures and skilled professionals. It's not a standalone solution but a vital enhancement to existing defenses against sophisticated cyber attacks.
Airbnb's Bold AI Interface Ambitions
Airbnb acquired AI startup GamePlanner, co-founded by Siri's creator, for $200 million. CEO Brian Chesky envisions a revolutionary AI-driven user interface, aiming to transform Airbnb into a more adaptive, personalized service. Details on specific AI enhancements will be announced later in the year.
ChatGPT's New Memory Feature Test
ChatGPT is testing a memory function, allowing it to recall past chats for more helpful future interactions. Users can manage this feature, instructing ChatGPT to remember or forget details, or disabling memory entirely. Initial rollout is to select free and Plus users, with broader availability planned soon.
New AI Customer Service Bot Unveiled
Former Salesforce co-CEO Bret Taylor and ex-Google employee Clay Bavor have launched Sierra, a conversational AI company. Their product, a customer service bot, claims to perform complex tasks and solve issues like hallucinations in large language models, aiming to operate without human intervention.
OpenAI Eyes Search Engine Market
OpenAI plans to launch a web search service, challenging Google. This new product will integrate Bing, leveraging the startup's advancements in AI technology.
5 Tools to Boost Your Productivity
- Generate personalized visually stunning stories in just one minute. Dorosi
- Generate videos from simple text in one minute. Moonvalley
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- Generate high-quality, engaging content 10x faster. Vidiofy
- Chat, generate, and design without limits using Generative AI. Venturus AI
Want your tool featured here? Hit reply and tell us a little about it 😍
FUNDRAISING 🤑
Sierra: $100M Funding
After leaving Salesforce, Bret Taylor teamed up with Google's Clay Bavor to create Sierra, focusing on conversational AI for businesses. With $110 million in funding, their startup already serves clients like Weight Watchers and Sonos, despite stiff competition in the AI space.
Rasa: $30M Series C Funding
Rasa announced a $30 million Series C investment, led by StepStone Group and PayPal Ventures. The funds will enhance their conversational AI technology and expand market presence, furthering their mission to transform business-customer interactions.
Together AI: $100M Funding / $1B Valuation
US startup Together AI, reselling Nvidia server chips, has secured over $100 million in funding, doubling its valuation to surpass $1 billion. The company's rapid growth reflects the high demand for GPUs in AI development.
Help Us Get Better 🤓
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