🥣 Adobe Jumps Into The AI Video Ring

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Hey there, tech aficionados! Welcome to the latest edition of The AI Crunch, where we unpack the latest and greatest advancements in AI. From groundbreaking discoveries to cutting-edge innovations, we're here to keep you on the pulse of the rapidly evolving AI landscape. Get ready to uncover the gems hidden within the realms of technology and witness the forefront of AI's meteoric rise.

In today's edition, we're diving deep into the world of AI-powered videos. Buckle up as we explore the mind-boggling developments that are reshaping how we create and experience visual content. Let's dive in and uncover the transformative power of AI in the world of digital content creation!

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Adobe Unveils New AI Tools for Premiere Pro

Adobe is stepping up its game in Premiere Pro with new generative AI tools that promise to revolutionize video editing. These tools allow users to seamlessly add or remove objects in scenes, extend clips, and even generate entirely new footage directly within Premiere Pro. The company is expanding its Firefly family of AI models to include video capabilities, aiming to integrate these across Creative Cloud and Adobe Express. Additionally, Adobe is opening up Premiere Pro to third-party generative AI models, providing professional video editors with a wider range of creative possibilities without leaving their familiar workflow.

One of the key features introduced is Generative Extend, enabling editors to add frames to make clips longer, facilitating smoother transitions and precise edits. Object Addition and Removal simplify tasks like replacing objects or changing actors' wardrobe, enhancing the editing process. Text to Video is another exciting addition, allowing users to create new footage by typing text or uploading reference images, ideal for storyboarding and B-roll creation.

Adobe's approach to generative AI emphasizes seamless integration and responsible innovation. The company aims to make AI-generated content a natural part of creative workflows while maintaining safety standards and transparency. With new audio workflows also on the horizon, including interactive fade handles and AI-powered audio tagging, Premiere Pro users can expect a comprehensive suite of tools to elevate their editing experience.

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News

Quick bites to start your morning:

• Meta is testing an AI-powered search bar in Instagram (TC)

• Amazon Music is getting in the AI playlist ring with Maestro (AA)

• OpenAI has fired two researchers for "allegedly” leaking information (TI)

• Deepmind CEO says Google will spend more than $100B on AI (B)

• Ernie, the Chinese ChatGPT, was reported to hit 200 million users (R)

• Apple plans to overhaul entire Mac line with AI-focused M4 chips (B)

• TikTok may add AI avatars that can make ads (TV)

• Stanford has released their annual AI index report (AII)

• OpenAI is opening an office in Japan and announced a custom GPT-4 model for Japanese (OA)

• Limitless released Pendant, AI wearable device (X)

• Google introduced a new research method that might enable LLMs to process unlimited text (ARX)

AI Funding

The AI Index || AI Grants

Forbes list of 50 AI companies is out (F)

A “handful” of AI startups are considering IPOs, according to a NYSE exec (B)

Mistral AI: In talks to raise at $5B valuation (TI)

G42: UAE-based AI startup raised $1.5B from Microsoft (SA)

Rivos: Raised $250M to build new AI chips (ETT)

Upstage: Document and workflow automation platform raised $72M (VCND)

Spines: Publishing platform supercharged by AI raised $7M (RM)

Take2 AI: Raised $3M to develop an AI-powered job simulation platform for sales recruiting (FM)

Scavenger AI: Raised $1.2M to develop three proprietary AI tools linked in a workflow (CB)

AI Tools

Newest AI tools (AI Tool Leaderboards):

• GPT-vetting by Micro1: The first-ever AI interviewer

• 3D Generate by Spline: Generate 3D objects from text prompts and images

• Elicit: Analyze research papers at superhuman speed

• Argil: Grow social media with your AI clone

• Packify: AI packaging design

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