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Hey Edge Family, good morning! Google researchers just dropped Lumiere, a very impressive AI video generation model. Let’s dive in:
The Breakdown
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🚨 Latest Developments
Source: Google Research
Big Takeaway: Google researchers have developed a new AI video generation model called Lumiere that creates very realistic videos from text or images.
Lumiere uses a "Space-Time U-Net" architecture to generate the full video in one pass, leading to more coherent motion.
Users can input text descriptions or upload images to generate videos, with capabilities like stylization and editing.
Lumiere is trained on 30 million videos, aiming to improve on the limitations of existing video AI like Pika and Runway in terms of motion and quality. (Full demo here)
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Source: Quartz
Big Takeaway: Nearly 24,000 tech workers have been laid off already in the first weeks of 2024, more than doubling in one week. (See chart here)
Layoffs in 2024 so far exceed monthly averages from the last 2 years.
Google, Microsoft, and Amazon said to expect more layoffs to come, ending hopes of tech's "doom and gloom” layoff fury.
There have been 24,000 cuts at just 82 companies, which is an average of 293 layoffs per company. With the majority of cuts happening alongside investments in AI.
If you work in tech how secure do you feel about your current job?
🔎 Extra Insights
OpenAI lowers prices for developers
OpenAI lowered prices for GPT-3.5 Turbo API access by 50% for input and 25% for output. They dropped the cost to $0.0005 per thousand tokens in and $0.0015 per thousand tokens out. (Full article here)
PayPal to launch new AI-products to revive share price
PayPal is launching new AI-driven products and a one-click checkout feature under new CEO Alex Chriss to inject growth into the payments company, whose stock has underperformed in 2023. (Full article here)
OpenAI went back on a promise to make key documents public
OpenAI, founded in 2015 as a nonprofit research lab, pledged transparency, including public access to governing documents. But OpenAI now denies access to those records and only provides limited financial statements. (Full article here)
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💼 Who’s Hiring in AI
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Credit: Kudzueye on Reddit
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