NVLM 1.0: Pioneering Multimodal LLMs with State-of-the-Art Vision-Language Capabilities

NVIDIA's NVLM 1.0 introduces a groundbreaking family of multimodal large language models that set new benchmarks for vision-language tasks, outperforming many leading proprietary and open-access models. Uniquely, NVLM 1.0 not only excels in multimodal tasks but also improves performance on text-only tasks such as math and coding, surpassing its backbone LLM. With its robust architecture and innovative training techniques, NVLM 1.0 achieves unparalleled accuracy in Optical Character Recognition (OCR) and reasoning tasks while maintaining text-only task proficiency. The open-sourcing of model weights and training code aims to empower the AI community in advancing multimodal AI capabilities.

Meta Movie Gen: Revolutionizing Filmmaking with AI

Meta Movie Gen is an AI-powered platform that transforms the way movies are conceptualized, developed, and produced. By leveraging AI's ability to analyze scripts, generate characters, design visuals, and even create dialogue, Meta Movie Gen streamlines the filmmaking process from start to finish. Filmmakers can input their creative ideas, and the platform generates scripts, storyboards, and casting suggestions tailored to their vision. The platform also provides tools for editing and enhancing scenes, enabling directors and creators to focus more on storytelling and less on production logistics. Meta Movie Gen is set to revolutionize the entertainment industry by making high-quality filmmaking accessible to a broader audience.

Canva Acquires Leonardo.ai to Power Up Its Generative AI Suite

Canva has announced the acquisition of Leonardo.ai, a generative AI content startup known for its innovative tools that allow users to create and customize artwork through AI model experimentation. With over 19 million users and a billion images created on its platform, Leonardo.ai will continue to operate independently while benefiting from Canva’s resources. The acquisition aims to enhance Canva’s AI capabilities, particularly its Magic Studio suite, by integrating Leonardo’s advanced technology. This move further solidifies Canva’s commitment to AI-driven growth and its focus on offering powerful visual AI solutions for businesses and creatives.

Even the ‘godmother of AI’ has no idea what AGI is

Fei-Fei Li, a prominent AI researcher, recently admitted her uncertainty about the concept of artificial general intelligence (AGI), despite its importance to companies like OpenAI, which has invested heavily in its development. Speaking at Credo AI’s responsible AI summit, Li emphasized that, while AGI remains a nebulous goal, her focus is on practical, evidence-based AI research. She also discussed her concerns about AI regulation, advocating for a balanced approach that avoids penalizing technologists for unintended consequences while promoting safer innovation. Li's startup, World Labs, is working on advancing "spatial intelligence" to help AI understand and navigate the 3D world

Investors are scrambling to get into ElevenLabs, which may soon be valued at $3 billion

ElevenLabs, an AI audio tool startup known for generating synthetic voices for audiobooks and real-time video dubbing, is in discussions with investors for a new funding round that could value the company at up to $3 billion. The two-year-old company has seen rapid growth, with annualized recurring revenue (ARR) increasing from $25 million to $80 million recently. Investors are eager to join the round, though some are hesitant due to a portion of the revenue coming from volatile consumer-based applications. If successful, this would mark ElevenLabs' third funding round in just over a year, potentially tripling its valuation from January’s Series B round​

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