AI Updates: Vimeo's New Tools, Google's Antitrust Battle, FTX Founder's Legal Woes, and More
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Vimeo has introduced new AI video tools to help employees navigate through long meetings and training videos, promoting asynchronous work. The features include automatically chaptering videos, creating summaries, and generating titles for searchability. Vimeo's CEO emphasizes the importance of asynchronous communication in enhancing collaboration among teams. The company is leveraging OpenAI's models to provide these AI capabilities. The SEC is investigating OpenAI for potential misleading of investors, while companies like Tumblr and WordPress are considering selling user content for AI training. Stack Overflow has launched an API for AI companies, Apple has shifted focus to generative AI efforts, and SambaNova has unveiled 53 generative AI models for enterprise use.Axel Springer, along with more than two dozen other European media groups, has launched a $2.3 billion lawsuit against Google in the District Court of Amsterdam, claiming that Google has abused its dominant position in the adtech market. The publishing houses allege that Google has acted as a "broker, auctioneer, and sales agent at the same time," preferencing itself in the ad-buying process, causing significant losses in ad revenue for the media groups. Google has responded by calling the lawsuit "speculative and opportunistic," despite facing similar antitrust fines in the past. If Google loses the case, it may have to break up its ad business. This lawsuit is considered a fairer fight compared to previous battles over ancillary copyright fees.The founder of FTX, Sam Bankman-Fried, is facing major charges and is attempting to spin his way out of a conviction with the help of his wealthy and connected family. Despite evidence of fraud, he chose to go to trial and was convicted. His family is orchestrating a sympathy campaign to reverse his conviction and portray him in a more positive light. They are using expensive lawyers and a PR firm, paid for with money from collapsed crypto companies. Bankman-Fried's parents are being sued for funds received from their son. The family is trying to paint Sam as a victim, but he has lived a lavish lifestyle and shown signs of dishonesty and sociopathy.The text discusses key events from yesterday, including political developments such as court cases involving former President Donald Trump, legislative actions in various states, congressional deals to avoid a government shutdown, EA layoffs, Snowflake CEO's exit, and Marc Benioff's AI tirade. Deloitte's 2024 technology industry outlook predicts growth in areas such as cloud computing, AI, and cybersecurity.In the last two weeks at OpenAI, several challenges have arisen. The Sora demo impressed many but failed basic physics and biology tests. One of OpenAI's top researchers, Andrej Karpathy, has left the project. ChatGPT experienced a mysterious 6-hour meltdown, while Google and Mistral are closing in on GPT-4.The text discusses the future of generative AI and compares it to the automotive and computer industries. It emphasizes that there will not be one AI model that rules the world but rather a diverse and competitive landscape with different companies pursuing different goals.Apple has decided to cancel its electric vehicle project and shift its focus to generative AI. The decision was met with positive reactions from outside Apple, with experts praising it as smart and long-awaited. Investors also expressed relief as they believed the EV project was not in Apple's wheelhouse.Coinbase has established a nonprofit called Stand with Crypto to mobilize American digital asset holders ahead of the 2024 election. The organization has garnered support through di
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