🤯 AI officially disrupts Hollywood

Welcome, AI enthusiasts

Something that had Hollywood worried for a long-time has happened: AI has officially disrupted Hollywood. Tyler Perry halts his $800m film studio expansion due to AI's growing influence, while Nvidia's dive into AI rockets its value to $2 trillion. Plus, Google's Genie introduces a new era of AI-powered game and world creation. Let’s dive in!

In today’s insights:

• $800m Film Studio Expansion Halts Because of AI

• Nvidia’s Role in AI Makes It A $2 Trillion Company

• Google Reveals an AI Game And World Maker

Read time: 4 minutes

🗞️ LATEST DEVELOPMENTS

HOLLYWOOD
🎥 $800m Film Studio Expansion Halts Because of AI

Evolving AI: Tyler Perry pauses a major expansion due to AI's impact.

Key Points:

• Tyler Perry stops a big project to make his Atlanta studio larger because of AI.

• He stopped the project after seeing what OpenAI's video maker, Sora, can do.

• Perry worries many people will lose their jobs in movies because of AI.

Details:

Tyler Perry, a renowned figure in film and television, has decided to halt an $800 million expansion of his Atlanta studio. This decision comes as a response to his astonishment at the capabilities of OpenAI's video generator, Sora. Perry's action reflects deep worries about how AI technology is reshaping the film industry. It hints at a significant shift where technology's rapid progress might drastically change how movies are made, affecting jobs from acting to sound design. Perry's reaction to Sora, capable of creating realistic videos from simple text, showcases the broader industry's concern about AI replacing traditional roles.

Our Thoughts:

Tyler Perry putting his studio's expansion on hold marks a big moment for the intersection of AI and the creative industries. This decision underscores the need for a united industry approach to navigating the challenges AI presents. It's about more than just embracing new technology; it's a call to action for safeguarding the livelihoods of those who may be displaced. Balancing innovation with job preservation requires collective effort and strategic planning to ensure a future where technology and human creativity coexist harmoniously.

NVIDIA
🚀 Nvidia’s Role in AI Makes It A $2 Trillion Company

Evolving AI: Nvidia's smart leap into AI boosts its market value.

Key Points:

• Nvidia shifts from gaming to AI, reaching a landmark $2 trillion valuation.

• It's the first chipmaker to achieve this, trailing only behind tech giants Apple and Microsoft.

• The company announces the H200 GPU, set to advance AI model performance further.

Details:

By focusing on AI chip technology, particularly with its H100 and the upcoming H200 GPUs, Nvidia has established a dominant position in the AI sector. This strategic pivot propelled the company to a $2 trillion market cap, a first for any chipmaker, placing it in the elite company of Apple and Microsoft. The reported revenue surge to $60.9 billion in 2023 highlights the booming demand for AI solutions. Despite efforts by competitors like OpenAI and Microsoft to develop their own AI chips, Nvidia's technological prowess and production capacity remain unmatched.

Our Thoughts:

It will take some time for other AI tech giants to ramp up their AI chip designs. For this reason, Nvidia is likely to grow as its competitors catch up. With everyone seemingly investing heavily in AI chips, it underscores the critical role these chips will play in shaping the future tech landscape. However, it also raises serious concerns about what may happen to the industry if demand for the chips exceeds what companies can supply. One of the driving forces behind the recent AI boom is the relentless development of technology, paired with significant computing power.

GOOGLE DEEPMIND
🤖 Google Reveals an AI Game And World Maker

Evolving AI: Genie is a groundbreaking tool that creates endless, action-packed virtual worlds you can control.

Key Points:

• Genie is able to create unlimited amount of virtual worlds.

• Trained on 11B parameters.

• Genie has the ability to self-learn.

Details:

Google Deepmind has introduced Genie, an innovative platform that heralds a new era in virtual world creation. Genie is a marvel of technology, designed to craft limitless, interactive virtual environments. What sets it apart is its ability to understand and generate these worlds from just a description — be it through text, images, or even simple sketches. This capability is powered by a complex system of 11B parameters, making Genie a foundational tool in the realm of virtual reality.

Why It Matters:

What makes Genie truly groundbreaking is its self-learning ability. It has been trained by observing a vast array of videos from the internet, without any labels or specific instructions. This unsupervised learning approach has equipped Genie with a unique skill set. Users can navigate and interact within these generated worlds in a seamless, frame-by-frame manner, a feat achieved without relying on traditional action labels or domain-specific data usually required in such advanced models. This could potentially develop into the first text-to-video game tool.

💡 Tip of the Day

A new website has emerged that’s been taking the internet by storm in recent days. Explorer is a visual way to breakdown any topic. It uses LLMs to understand your query, and generate an exhaustive page on that topic visually, allowing you to explore information in a way that search engines can't understand.

Visit below and try it yourself; it’s fascinating and make you wonder why we haven’t seen this before.

http://explorer.globe.engineer

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