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Apple Launches Groundbreaking Intelligence Feature, Mistral Secures $600 Million Investment for AI Text-To-Video Technology

Wall Street Logic by Wall Street Logic
June 17, 2024
in AI
Reading Time: 2 mins read
Apple Launches Groundbreaking Intelligence Feature, Mistral Secures 0 Million Investment for AI Text-To-Video Technology
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Revolutionizing AI in Tech: The Latest Updates and Innovations

Siri’s AI Enhancement and Apple’s New Features

According to the New York Times, Siri is gearing up for an “AI Brain Transplant” with Apple’s upcoming “Apple Intelligence” upgrade. This fall, Siri will offer improved understanding of user preferences and context by “seeing” the smartphone screen. Additionally, the introduction of “Playground” allows users to generate images from text prompts and create animated “Genmojis.” Complex requests will be handled by ChatGPT, paving the way for a seamless AI experience. These features will be exclusive to iPhone 15 Pro and 15 Pro Max, iPads, or Macs with M1 chips and will launch in iOS 18, iPadOS 18, and macOS Sequoia.

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Global Expansion and Cutting-Edge Updates from Vision Pro

The Vision Pro is expanding its reach worldwide with exciting new updates. Users can now upgrade 2D photos to 3D, and the guest mode has received significant enhancements to improve user experience.

Paris-Based Mistral AI Secures $600 Million in Funding

The Paris-based AI startup, Mistral, has raised $600 million in funds, aiming to develop foundational models that can rival leading AI models, including OpenAI’s GPT-4o and Anthropic’s Claude 3. Backed by investors like Lightspeed Venture Partners, NVIDIA, and Samsung Venture Investment Corporation, Mistral is set to make waves in the AI industry.

The Rise of ‘The Sandbox’ and VRChat’s Staffing Shifts

‘The Sandbox,’ a prominent blockchain game, has received a valuation of $1 billion, driven by collaborations with celebrities and brands. On the flip side, VRChat has laid off 30% of its staff due to slower growth and organizational restructuring challenges.

AI Automation in Broadcasting with Spiideo and Luma Labs

Spiideo’s $20 million funding aims to automate sports broadcasting using AI-driven camera technology, targeting 15 different sports. On the other hand, Luma Labs has introduced innovative text-to-video AI, competing with the likes of Sora and Kling, revolutionizing content creation processes.

Exploring New Frontiers in AI with Luma Labs and Kling

Luma Labs and Kling have made significant strides in the AI domain with text-to-video generative advancements, showcasing cutting-edge capabilities in content creation.

Exciting VR Experiences and XR Podcasts

The award-winning ‘Body Of Mine’ VR experience focusing on gender identity is now available on the Quest Store for Pride Month. Additionally, explore the immersive world of MR Chess and stay updated with the latest tech trends on XR podcasts.

Stay Informed with Top Tech Reads

Delve into the latest insights from top tech publications like the New York Times to discover the cutting-edge developments reshaping the tech landscape.

Tags: AIAppleFeatureGroundbreakingIntelligenceInvestmentKlingLaunchesLuma LabsMillionMistralSandboxSecuressiritechnologyTextToVideoVR Chat
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