New documents submitted to state regulators for license applications are shedding light on how Elon Musk plans to make his X app into a payment platform that competes with services like Venmo and PayPal. Plans include letting users store money within their X accounts that can then be applied to purchases — including in physical stores — or issuing payment to other individuals or businesses. The filings come as X seeks to expand its revenue pool beyond advertising, which had in its Twitter days accounted for as much as 90 percent of sales. Ad income is said to have fallen below that threshold since Musk purchased the company in October 2022. Continue reading Musk Takes Next Step Toward Making X an ‘Everything App’

A federal jury in Las Vegas has convicted five men for illegal streaming operations perpetrated through a company called Jetflicks, which generated millions of dollars in subscription revenue while causing “substantial harm to television program copyright owners,” according to the Department of Justice. Jetflicks, which charged customers $9.99 per month, had a catalog that included “hundreds of thousands” of copyrighted TV episodes, larger than the combined offerings of Netflix, Hulu, Vudu and Amazon Prime, prosecutors said, explaining the outfit “used sophisticated computer scripts and software to scour pirate websites for illegal copies of television episodes.” Continue reading DOJ Scores Criminal Conviction Against Operators of Jetflicks

The European Commission is expanding its investigation of Apple based on preliminary findings of anticompetitive breach of the new Digital Markets Act (DMA). The Commission has found the App Store engages in “anti-steering” by preventing app purveyors from offering consumers “alternative channels for offers and content.” The Commission also opened a new investigation into App Store developer contracts, citing  the “core technology fee” implemented in January in what was perceived as a workaround to the new European Union rules, saying such policies “fall short of ensuring effective compliance with Apple’s obligations under the DMA.” Continue reading Apple in EU Crosshairs for Anticompetitive Action Under DMA

OpenAI has acquired Rockset, a database firm that provides real-time analytics, indexing and search capabilities. Rockset will help OpenAI enable its customers to better leverage their own data as they build and utilize intelligent applications. Rockset technology will be integrated into the retrieval infrastructure across OpenAI products, with members of Rockset’s San Mateo, California-based team joining the staff of OpenAI, which is headquartered in San Francisco. This is the second major purchase for OpenAI, following last year’s acquisition of New York-based AI design studio Global Illumination. Financial terms of the deal were not disclosed. Continue reading OpenAI to Expand Data Indexing, Analysis with Rockset Tech

MainFunc Inc. has raised $60 million on the strength of its principal technology — a free, AI-powered search engine called Genspark. The platform responds to queries by writing custom summaries that are presented in a “Sparkpage,” a one-page overview featuring content from around the web. Genspark joins a growing field of generative AI search engines, the best-known of which is Perplexity, which has raised $250 million since its 2022 launch and is currently valued at about $2.5 billion. Reuters says Genspark’s funding values the company at $260 million. Google also offers “AI Overviews” as part of Google search. Continue reading Genspark Joins Collection of GenAI-Powered Search Engines

Snap Inc. teased a new on-device AI model capable of real-time filter creation in-app using Snapchat. At last week’s Augmented World Expo in Long Beach, California, Snap co-founder and CTO Bobby Murphy explained that the model, which runs on smartphones, can re-render frames on the fly guided by text prompts. Snap’s unnamed prototype model “can instantly bring your imagination to life in AR,” Snap says, explaining “this early prototype makes it possible to type in an idea for a transformation and generate vivid AR experiences in real time.” Continue reading Snapchat Previews Instant AR Filters, GenAI Developer Tools

China’s ByteDance has come out swinging in petition for review against the United States government over the law that would force it to sell TikTok by January 19 or see the app banned in U.S. app stores. The petition challenges the constitutionality of the Protecting Americans from Foreign Adversary Controlled Applications Act that President Biden signed into law on April 24, calling it in the brief “a radical departure from this country’s tradition of championing an open Internet, and sets a dangerous precedent allowing the political branches to target a disfavored speech platform.” Oral argument is scheduled for September 14. Continue reading ByteDance Opening Brief Claims U.S. Ban is Unconstitutional

Anthropic has launched a powerful new AI model, Claude 3.5 Sonnet, that can analyze text and images and generate text. That its release comes a mere three months after Anthropic debuted Claude 3 indicates just how quickly the field is developing. The Google-backed company says Claude 3.5 Sonnet has set “new industry benchmarks for graduate-level reasoning (GPQA), undergraduate-level knowledge (MMLU), and coding proficiency (HumanEval).” Sonnet is Anthropic’s mid-tier model, between Haiku and, on the high-end, Opus. Anthropic says 3.5 Sonnet is twice as fast as 3 Opus, offering “frontier intelligence at 2x the speed.” Continue reading Anthropic’s Claude 3.5: ‘Frontier Intelligence at 2x the Speed’

Ilya Sutskever — who last month exited his post as chief scientist at OpenAI after a highly publicized power struggle with CEO Sam Altman — has launched a new AI company, Safe Superintelligence Inc. Sutskever’s partners in the new venture are his former OpenAI colleague Daniel Levy and Daniel Gross, who founded the AI startup Cue, which was acquired by Apple where Gross continued in an AI leadership role. “Building safe superintelligence (SSI) is the most important technical problem of our​​ time,” the trio posted on the company’s one-page website, stating its goal is to “scale in peace.” Continue reading Sutskever Targets Safe Superintelligence with New Company

CuspAI, a UK startup that aims to help engineer sustainable materials, has raised $30 million from venture funds in Europe and the U.S., secured a partnership with Meta’s FAIR unit, and employed the advisory services of AI pioneer Geoffrey Hinton in its mission to tackle climate change. “CuspAI leverages cutting-edge generative AI, deep learning, and molecular simulation to streamline the material design process,” the company announced. Its platform “functions like a search engine for materials, allowing users to request specific properties for new materials on demand,” speeding the process of “the discovery of materials with precise functionalities.” Continue reading Green Startup CuspAI Secures $30 Million, Meta Partnership

Meta Platforms is publicly releasing five new AI models from its Fundamental AI Research (FAIR) team, which has been experimenting with artificial intelligence since 2013. These models including image-to-text, text-to-music generation, and multi-token prediction tools. Meta is introducing a new technique called AudioSeal, an audio watermarking technique designed for the localized detection of AI-generated speech. “AudioSeal makes it possible to pinpoint AI-generated segments within a longer audio snippet,” according to Meta. The feature is timely in light of concern about potential misinformation surrounding the fall presidential election. Continue reading Meta’s FAIR Team Announces a New Collection of AI Models

YouTube is experimenting with a feature that allows viewers to add contextual “Notes” under videos, similar to what X does with its Community Notes. The Google-owned company says the intent is to provide clarity around things like “when a song is meant to be a parody,” when newly reviewed products are available for purchase, or “when older footage is mistakenly portrayed as a current event.” However, the timing preceding a pivotal U.S. presidential election and facing concerns about deepfakes and  misinformation is no doubt intentional. The pilot will initially be available on mobile in the United States. Continue reading YouTube to Tackle Misinformation with Crowdsourced Notes

Netflix has selected Dallas, Texas and Pennsylvania’s King of Prussia as the first two cities for its massive location-based entertainment venues, set to open in 2025. Specifying “they’re not exactly theme parks,” the Netflix House destinations will feature shopping, eateries and “regularly updated” experiential activities that tie-in with major franchises like “Bridgerton,” “Stranger Things” and “Squid Game.” Netflix CMO Marian Lee says the company has already launched more than 50 experiences in 25 cities, with Netflix House representing “the next generation” venue for the streaming giant. Continue reading Netflix Plans to Open Two Entertainment Complexes in 2025

Runway ML has introduced a new foundation model, Gen-3 Alpha, which the company says can generate high-quality, realistic scenes of up to 10 seconds long from text prompts, still images or a video sample. Offering a variety of camera movements, Gen-3 Alpha will initially roll out to Runway’s paid subscribers, but the company plans to add a free version in the future. Runway says Gen-3 Alpha is the first of a new series of models trained on the company’s new large-scale multimodal infrastructure, which offers improvements “in fidelity, consistency, and motion over Gen-2,” released last year. Continue reading Runway’s Gen-3 Alpha Creates AI Videos Up to 10-Seconds

Google DeepMind has unveiled new research on AI tech it calls V2A (“video-to-audio”) that can generate soundtracks for videos. The initiative complements the wave of AI video generators from companies ranging from biggies like OpenAI and Alibaba to startups such as Luma and Runway, all of which require a separate app to add sound. V2A technology “makes synchronized audiovisual generation possible” by combining video pixels with natural language text prompts “to generate rich soundscapes for the on-screen action,” DeepMind writes, explaining that it can “create shots with a dramatic score, realistic sound effects or dialogue.” Continue reading DeepMind’s V2A Generates Music, Sound Effects, Dialogue