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Meta Unveils Movie Gen AIPowered Tool to Generate Realistic Video and Audio Clips

Possibly competing with products from OpenAI and ElevenLabs, Meta has introduced Movie Gen, a new artificial intelligence model that creates realistic

Possibly competing with products from OpenAI and ElevenLabs, Meta has introduced Movie Gen, a new artificial intelligence model that creates realistic video and audio snippets based on user instructions. Movie Gen can produce audio snippets lasting 45 seconds and films lasting up to 16 seconds. Some examples of its work include animal swimming and human painting. Users can also alter alreadymade films by changing the surroundings or adding effects. Despite showcasing its impressive performance, Meta has yet to make the tool publicly available. Instead, the business will work with entertainment industry specialists to customise its usage. Movie Gen was developed utilising a mix of licensed and publicly available data, Meta noted, in response to rising worries about AIs effects on the creative industries. Read More..

B2B Tech News | 1 years ago          

Denmarks DSV Secures $5.5 Billion to Become the Worlds Largest Logistics Firm with Schenker Deal

Denmarks DSV stated on Friday that it has successfully raised $5.5 billion in shares to partially finance its acquisition of Schenker, making it the l

Denmarks DSV stated on Friday that it has successfully raised $5.5 billion in shares to partially finance its acquisition of Schenker, making it the largest logistics firm in the world. For €14.3 billion $15.76 billion, the business decided to buy Deutsche Bahns logistics section, Schenker. For 1,410.5 Danish crowns, the new shares raised 37.3 billion crowns, or $5.52 billion, or 12.3% of DSVs estimated market worth of 300 billion crowns. Both stock and debt are used to finance purchases. Deutsche Bahns board accepted the sale despite resistance from the union and competition from competitor CVC. Additionally, DSV modified its 2024 profit prediction and disclosed an initial operational profit of 4.4 billion crowns for the third quarter. On October 23, all earnings will be disclosed. Read More..

B2B Tech News | 1 years ago          

Emerging Market Investors Avoiding Common Pitfalls Amid Indias Rise and Chinas Challenges

In developing economies, investors frequently commit grave mistakes by overemphasising GDP growth and relying too much on values as accurate return in

In developing economies, investors frequently commit grave mistakes by overemphasising GDP growth and relying too much on values as accurate return indicators. Over the past 15 years, India and China have seen fast development, but Indian stocks have outpaced Chinese shares by a wide margin. The reason for this discrepancy is Chinas stimulusdriven investment boom, which resulted in chronic overcapacity and improper capital allocation, which decreased investment returns. Higher capital expenses have, nevertheless, produced superior returns in India. Although Indias capital discipline is eroding, with high valuations luring speculative investors, Chinas market may be at a tipping point. China must address surplus capacity and increase capital efficiency to increase shareholder returns. As a result, in light of these shifting dynamics, investors in developing markets should proceed with care. Read More..

B2B Tech News | 1 years ago          

IsraelIran Tensions Escalate, Raising Concerns Over Global Oil Supply

Concerns over the worlds energy markets have increased as a result of the IsraelIran conflicts intensifying violence, especially Israels threats to at

Concerns over the worlds energy markets have increased as a result of the IsraelIran conflicts intensifying violence, especially Israels threats to attack Irans oil infrastructure. Iran is one of the worlds largest oil producers with 3.277 million barrels produced daily, each disruption counts. While Brent Crude just touched $75.74 per barrel, light crude oil futures recently increased to $72.13 per barrel. Sara Vakhshouri, president of SVB Energy International, stated that while limited effects may be minimised, the degree of price changes will rely on the harm done to oil infrastructure. Investment institutions such as Goldman Sachs and Citigroup have lowered their longterm oil price projections despite the present tensions. They believe that oversupply and low demand would cause oil prices to drop to about $60 per barrel by 2025, underscoring the vulnerability of the worlds energy markets. Read More..

B2B Tech News | 1 years ago          

France Announces €60 Billion Budget Tightening to Address Growing Deficit

To confront its mounting deficit, which is expected to reach 6.1% of GDP in 2023, the French government aims to tighten its budget by €60 billion ab

To confront its mounting deficit, which is expected to reach 6.1% of GDP in 2023, the French government aims to tighten its budget by €60 billion about $66 billion the following year. Delaying the euro zones 3% objective until 2029, Prime Minister Michel Barnier wants to get the deficit down to 5% by 2025. This ambitious endeavour will include largescale budget reductions across ministries and shortterm tax rises aimed at wealthy individuals and companies. Barnier highlights that midyear pension adjustments will be made to achieve these reductions. The administration wants to reassure financial markets and EU allies of its commitment to fiscal discipline as public debt exceeds 115% of GDP, despite scepticism from public finance specialists over the viability of these aims. Read More..

B2B Tech News | 1 years ago          

Cisco Systems Poised to Invest in CoreWeave, Valuing Cloud Provider at $23 Billion

Bloomberg News reports that Cisco Systems plans to invest in CoreWeave, valuing the cloud services firm at $23 billion. Nvidiabacked CoreWeave is an e

Bloomberg News reports that Cisco Systems plans to invest in CoreWeave, valuing the cloud services firm at $23 billion. Nvidiabacked CoreWeave is an expert in constructing clusters for AI workloads and has alliances with several AI companies and rival cloud providers. Michael Intrator, the CEO of CoreWeave, has talked about a secondary transaction that would let current owners sell shares for as much as $500 million. Due to the training of massive language models and the rise in demand for cloud computing services by AI applications such as ChatGPT, big tech companies have made enormous investments in infrastructure to support AI research. Regarding the report, neither CoreWeave nor Cisco has offered any comments. Read More..

B2B Tech News | 1 years ago          

Microsoft Enhances Copilot Chatbot with AI Voice and Vision Capabilities for Intuitive User Interaction

Microsoft is improving its Copilot chatbot with new AIpowered speech and vision features. Whether brainstorming or having a quick question, the Copilo

Microsoft is improving its Copilot chatbot with new AIpowered speech and vision features. Whether brainstorming or having a quick question, the Copilot Voice function for iOS, Android, the web, and Windows allows you to engage handheld. With additional privacy settings, Copilot Vision enables users to ask about material displayed on the screen, including object identification. These capabilities, which resemble Gemini Live and ChatGPTs Voice Mode, are a part of Microsofts drive for more userfriendly AI contacts. Furthermore, Windows Insiders with Copilot+ PCs will now have access to the Recall function, which gathers screenshots of user behaviour and records it passively. According to Microsofts emphasis on privacy, data isnt utilised to train the AI. Read More..

B2B Tech News | 1 years ago          

Harvard Students Unveil IXray App to Expose Privacy Risks of AIPowered Wearables

Two engineering students at Harvard created the IXray app for RayBan Meta smart glasses to highlight the privacy concerns associated with wearable AI

Two engineering students at Harvard created the IXray app for RayBan Meta smart glasses to highlight the privacy concerns associated with wearable AI technology. Like PimEyes and FaceCheck, the software uses AI and facial recognition models to link a persons face to publicly accessible photos and get personal information from URLs and databases, including names, residences, and jobs. The software seeks to increase awareness regarding the abuse of this kind of technology and is compatible with any smart glasses that have covert cameras. The students caution about the privacy risks presented by AIenabled gadgets that may secretly record and doxx people, even if they do not plan to make the app available to the general public. Read More..

B2B Tech News | 1 years ago          



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