🤖 The FTC Investigates AI Deals by Tech Giants

Subscribe | Contact | Meet The Team

Welcome back AI enthusiasts!

In today’s AI Report:

• 🚔The FTC Investigates AI Deals by Tech Giants

• 🤯Google’s Insane Lumiere Video Generation AI Model

• 🛠5 Trending Tools

• 💰Venture Capital Updates

• 💼Who’s Hiring?

Read Time: 3 minutes

🗞RECENT NEWS

FEDERAL TRADE COMMISSION (FTC)

🚔The FTC Investigates AI Deals by Tech Giants

The Federal Trade Commission (FTC) is investigating Microsoft, Amazon, and Google’s multi-billion-dollar investments in AI ventures like OpenAI and Anthropic.

Key Details:

• The FTC inquiry will examine how these investments impact the competitive landscape of emerging technologies by allowing established companies to acquire potential rivals.

• Regulators will apply antitrust laws to these deals to determine if technology giants are buying competitors outright or leveraging acquisitions to expand into new businesses.

• FTC Chair Lina Khan explained: “Our study will shed light on whether investments and partnerships pursued by dominant companies risk distorting innovation and undermining fair competition.”

Why It’s Important:

• This inquiry is an effort by governing bodies to understand how companies use partnerships, investments, and acquisitions to expand their influence in AI markets.

• Microsoft’s president, Brad Smith, stated: “Our partnership with OpenAI has fostered AI innovation and competition while preserving independence for both companies. That’s very different from an acquisition.”

🩺 PULSE CHECK

GOOGLE

🤯Google’s Insane Lumiere Video Generation AI Model

Google researchers recently introduced Lumiere, a text-to-video diffusion model that generates hyper-realistic videos, allowing users creative control over visuals.

Key Details:

• Lumiere synthesizes videos that “portray realistic, diverse, and coherent motion.” In simple terms, it can overlay styles, animate images, and expand frames without choppiness.

• Lumiere utilizes “space-time scales” to generate “full-frame-rate” video clips instead of relying on distant keyframes.

• This tool can also transform text prompts into lifelike videos or animate portions of still frames.

Why It’s Important:

• Lumiere’s capabilities could democratize video creation, boost creative expression, and revolutionize industries (e.g., education, marketing and advertising, or entertainment).

🚨Check out the demonstration video here.

🛠TRENDING TOOLS

📼Taped transforms messy thoughts into organized notes.

🦾Findr locates everything across all apps with one search bar.

🔊TextReader is a free text-to-speech generator with realistic AI voices.

🧩VectorShift is a no-code tool that instantly builds generative AI assistants.

📆Evernote organizes your notes, tasks, and schedule all in one place.

🧰Browse our always Up-To-Date AI Tools Database.

💰VENTURE CAPITAL UPDATES

• Sano Genetics raises $11.4M to advance precision medicine clinical trials.

• Norm AI secures $11.1M to aid compliance chiefs.

• DXwand raises $4M to automate customer service and employee assistance.

💼WHO’S HIRING?

• Netflix (Los Gatos, CA): Video Encoding Intern, Cloud Games, Summer 2024

• Seismic (San Diego, CA): Data Science/Machine Learning Engineer Intern, Summer 2024

• Activision (Santa Monica, CA): Production/Project Management Intern, Summer 2024

🤖PROMPT OF THE DAY

MARKETING

🚀Innovation Challenge

Craft an innovative marketing strategy for [Produce] to elevate brand visibility. Design engaging social media campaigns, explore influencer collaborations, and create compelling content that resonates with [Target Audience].

Product = [Insert Here]

Target Audience = [Insert Here]

📒FINAL NOTE

If you found this useful, follow us on Twitter or provide honest feedback below. It helps us improve our content.

How was today’s newsletter?

• ⭐️⭐️⭐️⭐️⭐️Nailed it!

• ⭐️⭐️⭐️Average

• ⭐️Epic fail.

❤️AI Pulse Review of The Day

🎁NOTION TEMPLATES

🚨Subscribe to our newsletter for free and receive these powerful Notion templates:

• ⚙️150 ChatGPT prompts for Copywriting

• ⚙️325 ChatGPT prompts for Email Marketing

• 📆Simple Project Management Board

• ⏱Time Tracker