11.01.24

Straight from the Metaverse

Author

Endeavorgy
November 01, 2024

CREATORS WE FOUND

WHAT TO WATCH

RunwayML has introduced Act-One, a groundbreaking AI tool that can animate characters from still images using video input. This innovative technology allows users to create animated characters quickly by uploading a driving performance video, enabling effortless character animation without extensive technical expertise.

Midjourney just dropped a game-changing update to their platform - the new Image Editor! This powerful tool lets you take any photo and transform it using AI-driven editing features. You can now easily reshape, restyle, and retexture images while keeping the original composition intact. Whether you're a professional designer or just love creating cool visuals, Midjourney's Image Editor makes it a breeze to take your photos to the next level. Check out this tutorial from @woolyfern.

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AROUND THE INDUSTRY

The New York Times: Elon Musk’s xAI in Funding Talks That Could Value Company at $40 Billion

Elon Musk's artificial intelligence company, xAI, is reportedly in talks to secure new funding that could value the startup at up to $40 billion. This potential valuation represents a significant increase from the company's $24 billion valuation just five months ago, highlighting the rapid growth and investor interest in AI technologies despite recent market fluctuations.

The New York Post: Fashion models pushed to the side as AI glam bots take over: ‘It’s about faster content creation’

Mango has introduced AI-generated models for its teen fashion campaigns, marking a significant shift in the fashion industry's approach to advertising. This innovative move allows for faster content creation and potentially lower costs, while still maintaining high-quality visuals that resonate with the target audience. The development raises questions about the future role of human models and the potential impact on the broader fashion ecosystem.

Reuters: Wall St ends lower as megacaps highlight AI costs

Wall Street closed lower as Microsoft and Meta Platforms highlighted rising AI investment costs, dampening enthusiasm for tech megacaps. Despite beating earnings estimates, both companies saw their shares fall due to warnings about increased capital expenditures, leading to a broader sell-off in tech stocks and causing the Nasdaq to drop 2.76% and the S&P 500 to lose 1.86%.