🥣 AI Talent War Escalates

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OpenAI and Google are locked in a high-stakes talent tug-of-war, each vying to snag top AI researchers with eye-popping compensation packages. OpenAI's aggressive strategy hinges on its soaring valuation, offering Google's best minds stock packages that could triple in value. They're dangling up to $10 million annual deals to lure senior researchers.

Google, while hesitant to match these offers, is raising salaries to retain key talents. This intense competition underscores the value of expert minds in AI, with both giants betting on computing power and stock gains to secure the brightest in the field.

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Adobe’s Breakthroughs Continue: New model reportedly can transform a single 2D image into a high-quality 3D model in just 5 seconds

Runaway Launches Motion Brush: Enables users to animate specific areas of an image by masking them with a digital brush

Adept Introduces “Adept Experiments”: Enables users to automate complex or tedious tasks with simple language commands

OpenAI to Improve Training Dataset Diversity: Partnerships aims to create diverse datasets, both open-source and private, to train models more effectively

ElevenLabs Released Eleven Turbo v2: An even speedier text-to-speech model to allow users get audio without waiting around

Microsoft Updates Startup Program: Goal is to entice new companies with GPU access

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CapCut: All-in-one video editor offering easy-to-use functions

TextFX: AI-Powered tools for rappers, writers, and wordsmiths

IllusionDiffusion: Create captivating illusion artwork with IllusionDiffusion

MusicGen: Simple and controllable music generation

Moonvally: Create visually stunning, high definition videos & animation

Alright, let's dish out some AI tea from the big banks' world. JPMorgan Chase is all about getting cozy with US regulators, showing them the ropes of their fancy new AI pilot projects. They're not just playing with AI; they're teaching the rule-makers what's what in AI land. Lori Beer, their tech boss, is all about sharing AI secrets with the regulators – it's like show-and-tell but with more algorithms and less glitter.

JPMorgan's not just dabbling; they're diving deep. They're crafting AI to crank out earnings summaries and jazz up their helpdesk service. It's not just about spitting out links anymore; they want AI that actually solves problems. CEO Jamie Dimon is all-in, dreaming of AI in every nook and cranny of the firm.

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Stable Diffusion: Intel led latest round and also is providing high-end chips

Intergration.app: Startup that uses AI for workflow automation raised $4M

Protecto: Raised $4M to empower enterprises with trusted AI

Charater.AI: Google is reportedly in talks to invest hundreds of millions

ESG Flo: An AI-Powered data infrastructure platform raised $5M

CloudFret: Raised $2M to connect shippers through Mediterranean shores

Colossal: Raised $21M to pioneer in species preservation with AI-powered drones

DeepInfra: A startup providing infrastructure for running AI models raised $8M

Era: AI-powered wealth management platform raised $3M

Evaluation of Text-to-Image Models: The paper aims to develop a benchmark for holistic evaluation of text-to-image models

Operationalizing Progress on the Path to AGI: Outlines a framework to determine levels of AGI performance

Short Film Prompting: How to create a film by using ChatGPT and Midjourney

xAI PromptIDE: X releases a development environment for prompt engineering