Adobe introduces a text-to-music generative AI tool

Today’s Highlights:

📰 News: Adobe introduces a text-to-music generative AI tool + Microsoft reveals Copilot for Finance

💰 Funding: Glean raises $200M+ for enterprise focused AI work assistant

⚡️ Top News Stories:

1. Adobe introduces Project Music GenAI Control, allowing users to create and customize music using text prompts, without needing professional audio editing skills.

• The tool enables users to generate music in specific styles, like "happy dance" or "sad jazz," and offers integrated editing controls for customizing tempo, intensity, and structure.

• Project Music GenAI Control can remix sections, create looping audio for content creation, and adjust audio based on reference melodies or extend audio clips for longer tracks.

• Unlike existing tools that only generate audio from text prompts, Adobe's prototype allows for detailed editing of the music output, aiming for a "pixel-level control for music."

• Developed in collaboration with the University of California and Carnegie Mellon University, Project Music GenAI is still in the early stages and not yet available to the public, with ongoing development tracked on the Adobe Labs website.

2. Microsoft unveils Copilot for Finance, a new addition to the Copilot series in Microsoft 365, extending its AI-powered workflow automation to finance teams.

3. Tumblr and WordPress.com plan to sell user data to AI firms Midjourney and OpenAI, sparking internal controversy and privacy concerns.  

4. At Mobile World Congress Barcelona, Qualcomm introduces the Qualcomm AI Hub, offering 75+ optimized AI models for Snapdragon and Qualcomm platforms, aimed at accelerating on-device AI commercialization across a wide range of devices.

5. Brain.ai also introduced a new smartphone operating system, centered around generative AI, challenging the traditional smartphone interface and transforming how users interact with their devices beyond mere app usage.

6. Genie, developed by Google DeepMind, is a new method for creating interactive, action-controllable virtual worlds from unlabelled Internet videos, enhancing agent training and applications in gaming and simulation.

7. Apple abandons its electric car project after a decade, as Tim Cook announces Apple's ambitious GenAI initiatives for the year, marking a strategic pivot towards advanced AI tech.\

8. Klarna's AI assistant, powered by OpenAI, has successfully managed two-thirds of the company's customer service chats in its first month, totaling 2.3M conversations.

9. Lightricks, known for Facetune and Videoleap, launches LTX Studio, an AI-powered filmmaking tool that assists creators from ideation to generating short clips, available on a web-based platform.

10. OpenAI seeks to dismiss The New York Times' lawsuit, claiming the newspaper 'hacked' ChatGPT for misleading evidence against AI copyright use.

11. The Intercept, Raw Story, and AlterNet have filed lawsuits against OpenAI and Microsoft, alleging copyright infringement by removing author, title, and copyright information in AI model training.

💰 Top Funding News:

1. Glean, an AI-powered work assistant aimed at enterprise, raised over $200M in a funding round led by  Kleiner Perkins and Lightspeed Venture Partners, w/ Sequoia Capital, Coatue, ICONIQ Growth, IVP, Capital One Ventures, Citi, Databricks Ventures, Workday Ventures, and General Catalyst.

2. Ideogram, an AI company building generative media models, raised an $80M Series A, led by Andreessen Horowitz, w/ Index Ventures, and new investors Redpoint Ventures, Pear VC, and SV Angel. 

3. PhotoRoom, an AI-based photo editing software, raised a $43M Series B, led by Balderton Capital and Aglaé Ventures, w/ Y Combinator.

4. Inkitt, which uses AI to transform strong stories into blockbusters in an effort to become the "Disney of the 21st century, raised a $37M Series C led by Vinod Khosla of Khosla Ventures, w/ NEA, Kleiner Perkins, Redalpine, and other undisclosed investors. 

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