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Sony Pictures CEO has highlighted the corporate’s ambitious plans to integrate AI into the center of their film production process.

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ElevenLabs generates sound effects with a prompt.

TODAY’S AI SECRET:

• Sony Pictures to make use of AI to provide movies and shows.

• ElevenLabs’ recent AI generates sound effects with a prompt.

• Each day trending & featured AIs boost your profession and business.

• Saudi Aramco fund invests in Chinese startup Zhipu AI.

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TODAY’S AI WORLD

• AI-Generated Images Go Viral – AI image depicting Palestinian tent camps and ‘All Eyes on Rafah’ slogan shared over 47 million times following deadly Israeli air strike.

• AI’s Impact on Employment – Economists have shifted their views on technology’s influence on labor, acknowledging that AI can displace employees and lower wages despite long-term advantages.

• Sora Shorts In Tribeca – This yr’s Tribeca Festival will premiere five short movies made with OpenAI’s Sora model. “Sora Shorts” will probably be screened at Tribeca on June 15 and include a discussion afterward.

• Vistra Surpasses Nvidia – One among the most important power producers within the US, Vistra, has outperformed Nvidia with a 300% increase through the AI boom. The stock has been one of the best performer within the S&P 500 over the past yr, driven by the demand for power in AI data centers.

SONY

Sony Pictures to make use of AI to provide movies and shows.

Sony Pictures CEO Tony Vinciquerra emphasized the corporate’s goal to make use of AI to make creating movies and TV shows more efficient. The corporate goals to include AI in film production to spice up efficiency and cut costs.

The Details:

• Sony Embraces AI: Chief executive Tony Vinciquerra announced Sony Pictures’ concentrate on using AI to streamline movie and TV production, aiming for cost-effective methods.

• Union Negotiations: Ongoing contract discussions between Hollywood’s major crew union and top studios are highlighting AI use as a critical negotiation point, especially with the contract expiring soon.

• Impact on Jobs: A study found that AI tools have led to job reductions in Hollywood, affecting roles similar to voice actors, concept artists, and visual effects employees.

Why It Matters:

• AI’s Potential in Filmmaking: The adoption of AI by major studios like Sony could revolutionize the industry, making film production faster and cheaper.

• Labor Market Concerns: The usage of AI is a big concern for labor unions, as it could result in job losses and changes in working conditions.

• Way forward for Media and Entertainment: The mixing of AI tools could significantly alter the landscape of media and entertainment, potentially reshaping job roles and production processes.

NEW LAUNCH

ElevenLabs’ recent AI generates sound effects with a prompt.

ElevenLabs has released a brand new AI tool for making sound effects. This tool can produce different soundscapes for podcasts, movies, and games based on user prompts, making the creative process easier with AI technology.

Key Features:

• Sound Generation Capabilities: Creates as much as 22 seconds of sound from text prompts. Gives not less than 4 downloadable audio clips for every prompt.

• User Accessibility and Licensing: It’s free to make use of for non-commercial users, provided they offer proper credit. For industrial use, paid plans can be found with licensing options for the generated content.

• Character Count Limits: Free users have a ten,000-character monthly limit for prompts.

• Ease of Use and Flexibility: This AI generates wealthy soundscapes quickly. It’s reasonably priced and scalable, designed for creators, filmmakers, and game developers.

These features make ElevenLabs’ Sound Effects tool a flexible and efficient option for generating high-quality audio content tailored to varied creative needs.

AI TOOLS

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AI INVESTMENT

Saudi Aramco fund invests in Chinese startup Zhipu AI.

Saudi Aramco’s Prosperity7 Ventures invested in Chinese AI startup Zhipu AI, marking the primary foreign investment in a significant Chinese generative AI company.

The Details:

• Significant Foreign Investment: Prosperity7 Ventures, a enterprise fund managed by Saudi Aramco, participated in a $400 million funding round for Zhipu AI, a Chinese AI startup. This investment is important because it is the primary time a foreign investor has backed a distinguished Chinese company specializing in GenAI.

• Valuation and Foundation: The financing round reportedly values Zhipu AI at $3 billion. Founded in 2019, Zhipu AI has made notable strides by launching a chatbot and a visible language foundation model, establishing its presence within the AI industry.

• Prosperity7’s Role and Background: Prosperity7, which manages a $3 billion fund, is an element of Aramco’s enterprise capital arm. This investment marks a strategic move by Prosperity7 to diversify its portfolio and spend money on cutting-edge technology sectors.

Why It Matters:

• Global AI Collaboration: The investment underscores the growing trend of world collaboration within the AI sector. Such cross-border investments can drive innovation and speed up the event of advanced AI technologies.

• Economic Diversification: For Saudi Aramco and its enterprise arm, this move represents a strategic effort to diversify their investment portfolio beyond traditional oil and gas, tapping into the rapidly growing AI industry.

• Geopolitical Tensions: This investment could possibly be seen as a test case for the way international investments in critical technology sectors will probably be navigated amidst rising geopolitical tensions, particularly between the U.S. and China.

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