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AI News You Probably Missed🆕
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Welcome back, AI Enthusiastics.
In today’s breakdown:
Snapchat is expanding further into generative AI🥳
YouTube just announced a new Music AI Incubator🎼
India plans to roll out AI-powered voice transactions🎤
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Snapchat is expanding further into generative AI
Snapchat is introducing "Dreams," a generative AI feature that creates imaginative settings using user selfies. Building on their AI chatbot's success, this innovation allows users and friends to co-create AI-generated images.
Key points:
"Dreams" creates AI-generated imaginative scenes.
Uses user selfies for personalized images.
"Dreams with Friends" for collaborative creations.
The introduction of "Dream Packs" suggests potential avenues for monetization.
YouTube just announced a new Music AI Incubator
YouTube has unveiled its Music AI Incubator, signaling a major collaboration with Universal Music Group to explore generative AI technologies with artists.
Key points:
The initiative marks a significant partnership with Universal Music Group, bringing onboard renowned artists like Anitta, Ryan Tedder from OneRepublic, and the legacy of Frank Sinatra.
Neal Mohan, YouTube's CEO, has set out three guiding principles for AI deployment, emphasizing a balanced approach that safeguards artists while fostering innovation.
This initiative is in response to the growing interest in AI on YouTube and seeks to drive creativity without infringing on copyrights.
Takeaway: With a staggering user base nearing three billion, YouTube's dive into AI might redefine the intersection of tech and music.
India plans to roll out AI-powered voice transactions
The Reserve Bank of India (RBI) is considering the launch of an AI-driven conversational payment system, allowing users to initiate payments using just their voice.
Key points:
The proposed AI system will facilitate voice-activated transactions by verifying users based on unique voice patterns.
Initially, the system will cater to Hindi and English speakers, with plans to expand to other Indian languages.
This initiative aligns with the Prime Minister's UPI (Universal Payments Interface) vision, promoting instant nationwide payments for all.
A key feature of this plan is to empower rural and economically disadvantaged areas with offline payments via "near-field communication."
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Until next time!
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