AI News To Know
In a week where Google launched Search Generative Experience in the US, and ChatGPT punked a lawyer.
Gen AI Will Grow to $1.3 trillion Market
The generative AI industry will grow a lot in the coming years. It was worth $40 billion in 2022, and it's predicted to reach a massive $1.3 trillion by 2032. That's a growth rate of 42% each year.
According to a report by Bloomberg Intelligence, the generative AI industry could account for 10 to 12% of total IT hardware, software services, ad spending, and gaming markets by 2032.
OpenAI's ChatGPT has been hugely popular and has even become the fastest-growing consumer app in internet history, reaching 100 million users in just over two months. This growth in the AI industry has also led to competition among tech giants like Google and Microsoft to release better AI tools.
Read: Insider
Nvidia Crushing AI
In the world of artificial intelligence, Nvidia, a company worth $1 trillion, is excelling. They have a strong history in developing graphics processors, which has now led to powerful chips for AI technology.
Nvidia has recently unveiled three impressive AI technologies.
The first is called Ace, which is a platform that uses generative AI to create intelligent characters in video games. These non-player characters (NPCs) have their own personalities and can interact with human players in real-time, responding to their voices and engaging in conversations.
The second technology is called Neuralangelo, which can turn any video into a high-definition 3D scene. It generates lifelike virtual replicas of real-world objects, capturing intricate details and textures. This tool will be valuable for various industries, including graphics, video production, illustration, and game development.
The third technology, Roll.ai, is equally impressive. It allows anyone to create professional-looking videos using just an iPhone. The app uses AI to manipulate the footage, adding camera movements and enhancing the scene's visual aspects. It can also automatically edit videos based on captured dialogues, making the editing process easier.
These technologies were showcased at the Conference on Computer Vision and Pattern Recognition (CVPR), and they demonstrate Nvidia's expertise in AI. While Ace focuses on gaming, Neuralangelo enhances 3D scene generation, and Roll.ai simplifies video editing. These advancements highlight the remarkable capabilities of AI and its practical applications. If you have a macOS device, you can try Roll.ai right away.
Read: Fast Company
What Hollywood Fears
Actors and writers are concerned that AI could replace them in movies and TV shows, and the Screen Actors Guild wants to protect its members from losing income due to unregulated use of AI. They are negotiating with studios to add safeguards in contracts and ensure fair compensation.
The Writers Guild of America is already on strike partly because of similar concerns. AI technology has advanced rapidly, and its impact on the entertainment industry is a big issue for discussions.
The actors' union is seeking to address the potential misuse of generative AI. If an agreement is not reached, actors might go on strike for the first time since 2000. The use of AI also raises questions about the rights of performers and writers.
Actors are protected by the right of publicity, but writers face more challenges. AI can scrape and learn from many scripts, making it difficult for writers to claim infringement. Talent representatives worry that AI could extract valuable characteristics without proper compensation.
As AI technology progresses, it could replace writers and voice actors as well. Short term, AI-generated actors might not be well-liked by audiences, but in the long run, if AI becomes more realistic, people may not care if the actor is human or AI-generated.
The upcoming negotiations will focus on economic fairness, as guild members struggle to maintain a middle-class lifestyle. The union argues that the current payment models are outdated and need to be revised to reflect the changing landscape of the industry. AI could be used by studios to create more content with fewer humans, leading to potential strikes by the unions.
Read: Wired
Next week in Prompt Hackers
Some more interesting articles for this coming week, including: Do you know your goblincore from your crystalcore? We have fun with cute cartoon kids, meet some very fashionable people, see inside some really untidy dorm rooms, and create some rainbow animals.
Thanks for reading