In the wake of increasing pressure from European regulators, Adobe and Figma announced they are terminating their proposed merger agreement. California-based Adobe had planned to purchase Figma’s cloud-based product design platform for $20 billion, a proposal that was 15 months into the regulatory review process. However, the two companies eventually agreed there was no possibility of obtaining regulatory approval from the European Commission and the UK Competition and Markets Authority (CMA). According to a regulatory filing, the decision to cancel the deal will require Adobe to pay Figma a reverse termination fee of $1 billion in cash. Continue reading Adobe and Figma Call Off Their Proposed $20 Billion Merger

Snapchat+ is rolling out new artificial intelligence features that let subscribers use text prompts to create generative AI images to share with friends. In addition, the Dreams feature, which creates generative AI selfies, is now able to add your friends to those photos. Snapchat+ subscribers get one pack of 8 Dreams per month as part of their $3.99 monthly fee. An onscreen button labeled “AI” lets subscribers access the AI image generator to choose from a menu of prompts (including “sunny day at the beach” and “planet made of cheese”) or they can enter their own descriptions. Continue reading GenAI Lets Snapchat+ Subscribers Create and Share Images

Google is rolling out Gemini to developers, enticing them with tools including AI Studio, an easy-to-navigate Web-based platform that will serve as a portal to the multi-tiered Gemini ecosystem, beginning with Gemini Pro, with Gemini Ultra to come next year. The service aims to allow developers to quickly create prompts and Gemini-powered chatbots, providing access to API keys to integrate them into apps. They’ll also be able to access code, should projects require a full featured IDE. The site is essentially a revamped version of what was formerly Google’s MakerSuite. Continue reading Google Debuts Turnkey Gemini AI Studio for Developing Apps

Google personalized AI assistant NotebookLM is an experimental product that has been in early access since July. Now the company is integrating its new Gemini Pro LLM with NotebookLM and making it available to U.S. residents 18 and older. NotebookLM is engineered “to help you do your best thinking,” Google says, with documents uploaded to the service making it “an instant expert in the information you need,” allowing it to answer questions about your data. Unlike generic chatbots, NotebookLM draws responses from the documents you feed it, meaning it will be hyper-focused — a lite version of a custom trained model. Continue reading Google’s NotebookLM is a Personalized Lite Language Model

Google is closing the year by heralding 2024 as the “Gemini era,” with the introduction of its “most capable and general AI model yet,” Gemini 1.0. This new foundation model is optimized for three different use-case sizes: Ultra, Pro and Nano. As a result, Google is releasing a new, Gemini-powered version of its Bard chatbot, available to English speakers in the U.S. and 170 global regions. Google touts Gemini as built from the ground up for multimodality, reasoning across text, images, video, audio and code. However, Bard will not as yet incorporate Gemini’s ability to analyze sound and images. Continue reading Google Announces the Launch of Gemini, Its Largest AI Model

Meta Platforms is moving Imagine with Meta from its test bed as a generative AI experience in chats to a standalone experience on the Web that allows users to create high-resolution images using natural language text prompts. That is one of more than 20 generative AI features Meta is deploying to create new business opportunities globally leveraging AI across search, ads, business messaging and more. While most will wind up on Facebook, Instagram, Messenger and WhatsApp, some say Meta’s popular Facebook and Instagram platforms have plateaued at 2 to 3 billion users per month, circumscribing ad growth. Continue reading Standalone Image Generator Is Among New AI Tools by Meta

IBM and Meta Platforms have launched the AI Alliance, a coalition of companies and educational institutions committed to responsible, transparent development of artificial intelligence. The group launched this week with more than 50 global founding participants from industry, startup, academia, research and government. Among the members and collaborators: AMD, CERN, Cerebras, Cornell University, Dell Technologies, Hugging Face, Intel, Linux Foundation, NASA, Oracle, Red Hat, Sony Group, Stability AI, the University of Tokyo and Yale Engineering. The group’s stated purpose is “to support open innovation and open science in AI.” Continue reading IBM and Meta Debut AI Alliance for Safe Artificial Intelligence

The Google and Nvidia-backed AI video startup Runway is partnering with Getty Images to develop Runway Getty Images Model (RGM), which it is positioning as a new type of generative AI model capable of “providing a new way to bring ideas and stories to life through video” for enterprise customers using copyright compliant means. Targeting Hollywood studios, advertising, media and broadcast clients, RGM will “provide a baseline model upon which companies can build their own custom models for the generation of video content,” Runway explains. Continue reading Runway Teams with Getty on AI Video for Hollywood and Ads

The research division of Meta AI has developed Seamless Communication, a suite of artificial intelligence models that generate what the company says is natural and authentic communication across languages, facilitating what amounts to real-time universal speech translation. The models were released with accompanying research papers and data. The flagship model, Seamless, merges capabilities from a trio of models — SeamlessExpressive, SeamlessStreaming and SeamlessM4T v2 — into a single system that can translate between almost 100 spoken and written languages, preserving idioms, emotion and the speaker’s vocal style, Meta says. Continue reading Meta AI Seamless Translator Converts Nearly 100 Languages

Stability AI, developer of Stable Diffusion (one of the leading visual content generators, alongside Midjourney and DALL-E), has introduced SDXL Turbo — a new AI model that demonstrates more of the latent possibilities of the common diffusion generation approach: images that update in real time as the user’s prompt updates. This feature was always a possibility even with previous diffusion models given text and images are comprehended differently across linear time, but increased efficiency of generation algorithms and the steady accretion of GPUs and TPUs in a developer’s data center makes the experience more magical. Continue reading Stability AI Intros Real-Time Text-to-Image Generation Model

Sam Altman has wasted no time since being rehired as CEO of OpenAI on November 22, four days after being fired. This week, the 38-year-old leader of one of the most influential artificial intelligence firms outlined his “immediate priorities” and announced a newly constituted “initial board” that includes a non-voting seat for investor Microsoft. The three voting members thus far include former Salesforce co-CEO Bret Taylor as chairman and former U.S. Treasury Secretary Larry Summers — both newcomers — and sophomore Adam D’Angelo, CEO of Quora. Mira Murati, interim CEO during Altman’s brief absence, returns to her role as CTO. Continue reading Altman Reinstated as CEO of OpenAI, Microsoft Joins Board

Amazon is debuting its Titan Image Generator in preview for AWS Bedrock customers. The new Titan generative AI model can create new images from a text prompt or existing image, and automatically adds watermarking to protect intellectual property. The move into generative imaging puts Amazon in competition with a growing field that includes large firms like Adobe and Google. Unlike those companies and others, the e-retail giant is at present focusing exclusively on enterprise customers. Amazon Bedrock is a managed service giving developers access to a range of foundation models from companies including Meta Platforms, Anthropic, and Amazon itself. Continue reading Amazon Previews Titan Image Generator for Bedrock Clients

California Governor Gavin Newsom has released a report examining the beneficial uses and potential harms of artificial intelligence in state government. Potential plusses include improving access to government services by identifying groups that are hindered due to language barriers or other reasons, while dangers highlight the need to prepare citizens with next generation skills so they don’t get left behind in the GenAI economy. “This is an important first step in our efforts to fully understand the scope of GenAI and the state’s role in deploying it,” Newsom said, calling California’s strategy “a nuanced, measured approach.” Continue reading Newsom Report Examines Use of AI by California Government

Google’s Bard AI chatbot is getting smarter regarding video queries. Specifically, a new YouTube extension is now able to answer questions about the content of individual videos without requiring playback. “We’re expanding the YouTube extension to understand some video content so you can have a richer conversation with Bard about it,” Google wrote on Bard’s changelog. In September, Google released a YouTube extension that made it easier to find specific videos. This update allows Bard to operate more interactively, sharing detailed information as it relates to YouTube’s visual content. Continue reading Google’s Bard AI Is Getting Smarter About YouTube Content

Nvidia logged another record quarter, with Q3 revenue of $18.12 billion, up 206 percent from a year ago and a 34 percent increase from Q2 that exceeded both its own and analyst projections. The surge, attributed to increasing demand for the chips that drive artificial intelligence, logged primarily under Nvidia’s data center results a record $14.51 billion, up 279 percent from the prior year and 41 percent from Q2. Profits swelled to $9.2 billion, a stunning 1,259 percent increase from 2022’s $680 million. The results for Nvidia’s Q3 were for the three-month period ending October 31. Continue reading Nvidia Sales Surge as Rivals Circle and China Sanctions Loom