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

Apple Sports is a new free app for iPhones that delivers real-time scores, stats and more via a GUI designed by Apple. Available to download from the App Store in the U.S., Canada and UK, the app currently tracks Major League Soccer, Premier League soccer, the National Basketball Association, men’s and women’s NCAA basketball, and the National Hockey League, among others. More sports will be added over time, Apple said, mentioning Major League Baseball and the National Football League. The concept is designed to keep fans continuously connected to their favorite teams while driving Apple TV tune-in. Continue reading Apple Sports App Provides Stats, Real-Time Scores and More

A group of filmmakers led by Jason Reitman has purchased the 93-year-old Village Theatre in Westwood, an architectural gem that currently boasts one of the largest screens in Los Angeles. Originally opened as the Fox Westwood Village in 1931 and operated since 2010 by the Regency Theatres group, the structure’s unusual combination of Spanish Mission and Art Deco design earned it a Los Angeles Historic-Cultural Monument designation in 1988. After it was put on the market last year, Reitman gathered more than three dozen backers, including Steven Spielberg, Judd Apatow, J.J. Abrams, Christopher Nolan, Alejandro González Iñárritu and Alexander Payne. Continue reading Filmmakers Purchase the Historic Village Theatre in Westwood

The NFL playoffs coupled with heavy streaming and the return of scripted broadcast programming sent January television viewership to a four-year high, according to Nielsen’s The Gauge, which charted a 1.4 percent viewership increase year-over-year — described as noteworthy in a month in which the NFL playoffs typically drive viewership higher. January 2024 included three of the top 10 highest-viewership TV days since The Gauge debuted in May 2021. YouTube continued its streaming dominance for the twelfth consecutive month, with 8.6 percent of January TV streaming viewership, according to The Gauge. Netflix was number two at 7.9 percent. Continue reading Nielsen: TV Viewership Hits Four-Year High Led by YouTube

“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

Walmart is acquiring Vizio in a deal valued at $2.3 billion. The retail giant is following a template established by Amazon by expanding into entertainment media and connected TV advertising. The majority of Vizio’s growth from the last five years has come from ads on its WatchFree+ platform, which offers more than 260 channels, Walmart said touting a deal point. Vizio’s primary business is manufacturing value-priced TV sets. It also makes soundbars. The deal will instantly vault Walmart into a mix of players including Amazon, Roku, Samsung Ads and Google’s YouTube. Continue reading Walmart Bolsters Advertising Business with Vizio Acquisition

GlobalFoundries has been selected to receive the first major grant in the Biden administration’s CHIPS and Science Act program to reinvigorate U.S. chip production. The $1.5 billion in grants will be used to construct and expand facilities in Vermont and New York. Additionally, the administration plans to make available $1.6 billion in federal loans. The grants are estimated to triple GlobalFoundries’ New York state production capacity within the next 10 years. Chipmakers including Intel, Micron Technology, Samsung Electronics and TSMC have submitted grant applications for government assistance in building new or updating existing facilities. Continue reading GlobalFoundries Receives $1.5 Billion in First U.S. CHIPS Grant

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