Runway Partners with Getty Images to Build Enterprise AI Tools
Plus: IBM's Quantum Processor & Quantum System Two, Microsoft’s "Seeing AI App" now on Android.
Hello Engineering Leaders and AI Enthusiasts!
Welcome to the 161st edition of The AI Edge newsletter. This edition brings you “Runway’s partnering with Getty Images to develop AI tools for enterprise customers”.
And a huge shoutout to our incredible readers. We appreciate you😊
In today’s edition:
🤝 Runway partners with Getty Images to build enterprise AI tools
⚛️IBM introduces next-gen Quantum Processor & Quantum System Two
📱 Microsoft’s ‘Seeing AI App’ now on Android with 18 languages
💡 Knowledge Nugget: Startup productivity in the age of AI: automate, deprecate, delegate (A.D.D.) by
Let’s go!
Runway partners with Getty Images to build enterprise AI tools
Runway is partnering with Getty Images to develop AI tools for enterprise customers. This collaboration will result in a new video model that combines Runway's technology with Getty Images' licensed creative content library.
This model will allow companies to create HQ-customized video content by fine-tuning the baseline model with their own proprietary datasets. It will be available for commercial use in the coming months. RunwayML currently has a waiting list.
Why does this matter?
This partnership aims to enhance creative capabilities in various industries, such as Hollywood studios, advertising, media, and broadcasting. The new AI tools will provide enterprises with greater creative control and customization, making it easier to produce professional, engaging, and brand-aligned video content.
IBM introduces next-gen Quantum Processor & Quantum System Two
IBM introduces Next-Generation Quantum Processor & IBM Quantum System Two. This next-generation Quantum Processor is called IBM Quantum Heron, which offers a five-fold improvement in error reduction compared to its predecessor.
IBM Quantum System Two is the first modular quantum computer, which has begun operations with three IBM Heron processors.
IBM has extended its Quantum Development Roadmap to 2033, with a focus on improving gate operations to scale with quality towards advanced error-corrected systems.
Additionally, IBM announced Qiskit 1.0, the world's most widely used open-source quantum programming software, and showcased generative AI models designed to automate quantum code development and optimize quantum circuits.
Why does this matter?
Jay Gambetta, VP of IBM, said, "This is a significant step towards broadening how quantum computing can be accessed and put in the hands of users as an instrument for scientific exploration.”
Also, with advanced hardware across easy-to-use software that IBM is debuting in Qiskit, users and computational scientists can now obtain reliable results from quantum systems as they map increasingly larger and more complex problems to quantum circuits.
Microsoft’s ‘Seeing AI App’ now on Android with 18 languages
Microsoft has launched the Seeing AI app on Android, offering new features and languages. The app, which narrates the world for blind and low-vision individuals, is now available in 18 languages, with plans to expand to 36 by 2024.
The Android version includes new generative AI features, such as richer descriptions of photos and the ability to chat with the app about documents. Seeing AI allows users to point their camera or take a photo to hear a description and offers various channels for specific information, such as text, documents, products, scenes, and more.
You can Download Android Seeing AI from the Play Store and the iOS from the App Store.
Why does this matter?
There are over 3B active Android users worldwide, and bringing Seeing AI to this platform will provide so many more people in the blind and low vision community the ability to utilize this technology in their everyday lives.
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Knowledge Nugget: Startup productivity in the age of AI: automate, deprecate, delegate (A.D.D.)
The article by
discusses the importance of implementing the A.D.D. framework (automate, deprecate, delegate) in startups to increase productivity in the age of AI. It emphasizes the need to automate tasks that can be done with software, deprecate tasks that have little impact, and delegate tasks to lower-salaried individuals.The article also highlights the importance of embracing the automation and delegation of work, as it allows for higher-level and more meaningful work to be done. The A.D.D. framework is outlined with steps on how to implement it effectively. The article concludes by emphasizing the significance of this framework in the current startup landscape.
Why does this matter?
The A.D.D. framework for startups to optimize productivity in the era of AI. By emphasizing the automation, deprecation, and delegation of tasks, it offers a roadmap for streamlining operations, freeing up time for more impactful work.
What Else Is Happening❗
🚀 Owner of TikTok set to launch the ‘AI Chatbot Development Platform’
TikTok owner ByteDance is set to launch an open platform for users to create their own chatbots as the company aims to catch up in the generative AI market. The "bot development platform" will be launched as a public beta by the end of the month. (Link)
💻 Samsung is set to launch its AI-powered Galaxy Book 4 notebooks on Dec 15
The laptops will feature Intel's next-gen SoC with a built-in Neural Processing Unit (NPU) for on-device AI and Samsung's in-house gen AI model, Gauss. Gauss includes a language model, coding assistant, and image model. (Link)
🤝 NVIDIA to build AI Ecosystem in Japan, partners with companies & startups
NVIDIA plans to set up an AI research laboratory and invest in local startups to foster the development of AI technology in the country. They also aim to educate the public on using AI and its potential impact on various industries and everyday life. (Link)
📈 Singapore plans to triple its AI workforce to 15K
By training locals and hiring from overseas, according to Deputy Prime Minister Lawrence Wong. The city-state aims to fully leverage AI's capabilities to improve lives while also building a responsible and trusted ecosystem. Singapore's revised AI strategy focuses on developing data, ML scientists, and engineers as the backbone of AI. (Link)
🔍 IIT Bombay joins Meta & IBM's AI Alliance group for AI open-source development
The alliance includes over 50 companies and organizations like Intel, Oracle, AMD, and CERN. The AI Alliance aims to advance the ecosystem of open foundation models, including multilingual, multi-modal, and science models that can address societal challenges. (Link)
That's all for now!
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