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Runway Revolutionizes Content Creation with Gen 2

March 21, 2023

March 21, 2023

⚡ Today’s Highlights

  • 📰 News: Runway presents Gen 2 and OpenAI research shows that 80% of U.S. workers’ jobs will be affected by GPT

  • 💰 Funding: Tavus, Metasense, and Numbers Station

  • 🦾 Tools: Gamifying the hiring process with AI

  • 📅 Events: NVIDIA GTC continues today and you don’t want to miss NVIDIA CEO Jensen Huang’s keynote speech!

📰 Today's Top Stories

(2 min read) (Source: Runway)

TLDR: Runway specializes in web-based video editing tools that use AI, such as background removal and pose detection. The company has announced the 2nd generation of their text-to-video AI generation model.

  • Runway's first AI video editing model, Gen-1, was announced in February and focused on transforming existing video footage.

  • Gen-2, on the other hand, aims to generate videos from scratch although the demo clips shared by Runway are short, unstable, and not photorealistic… yet.

  • Users will have to sign up for a waitlist via Runway's Discord for Gen-2 access.

The Big Picture: This is a huge step forward for multi-modal generative AI models. Audio-visual content creation is already being revolutionized by models like Midjourney and ElevenLabs and now users can generate entire videos from scratch simply by inputting a text description.

(5 min read) (Source: VICE)

TLDR: OpenAI and the University of Pennsylvania conducted a study on the impact of GPT models on the US workforce.

  • The study found that 80% of workers could have at least 10% of their tasks impacted by GPTs, with 19% seeing at least 50% of their tasks impacted.

  • The researchers used the O*NET database to determine the tasks to measure for each occupation and collected human and GPT-4 generated annotations to determine if GPT could reduce the time required for a human to perform a specific task by at least 50%.

  • GPT exposure is greater for higher-income jobs but spans almost all industries. Occupations with the highest exposure to GPT include tax preparers, writers, web designers, accountants, journalists, and legal secretaries.

  • The current limitations of LLMs mean that jobs with a STEM focus and critical thinking focus are the least exposed.

  • GPT models are already becoming a commonly used tool, with Google and Microsoft incorporating AI into their office and enterprise products, and startups using GPT-4 for coding to reduce costs on human developers.

(5 min read) (Source: VentureBeat)

TLDR: Roblox has launched two new AI tools to support developers on its platform: AI-based material generation and coding tools.

  • The material generation tool can create high-quality textures for in-game objects and apply texture to make lighting more realistic.

  • The AI code assist tool allows users to create code through natural language prompts and can summarize users' code to create comments.

  • These tools are designed for all Roblox players, including those with no coding experience.

  • Roblox aims to become a creative and productive game-development tool for everyone.

(12 min read) (Source: Stanford CRFM)

TLDR: Last week, a Stanford research team trained their own language model, called Alpaca, using Meta's open-source LLaMA 7B language model and 52,000 sample conversations generated using OpenAI's API, with a total cost less than $600 in total.

  • Alpaca was tested against ChatGPT and won 90 out of 179 tests across various domains such as email writing, social media, and productivity tools.

  • The team has released the code and questions used in the research on Github, but notes that the model has not been fine-tuned for safety and ethics issues.

  • The ease and low cost of creating and training language models raise concerns about uncontrolled use by individuals with machine learning knowledge who may not care about terms and conditions or software piracy.

The Big Picture: If the wrong people realize that creating language models might be relatively easy and affordable, we might be seeing a lot of unsafe LLMs soon. As AI advances relentlessly, so too does the potential for immense harm.

(8 min read) (Source: Nuance)

TLDR: Nuance Communications has launched Dragon Ambient eXperience (DAX) Express, a clinical documentation application that uses conversational and ambient AI technology, along with OpenAI's newest model, GPT-4, to create draft clinical notes in seconds.

  • DAX Express is aimed at reducing administrative burden and allowing clinicians to spend more time with patients.

  • DAX Express builds on the success of DAX, which is currently used by hundreds of healthcare systems and is designed to provide an accessible entry point for healthcare organizations to adopt AI-powered applications at scale.

💰 Funding Alerts

  1. Tavus, an AI-generated video company based in San Francisco, raised $6.1 million in seed funding led by Sequoia Capital, with participation from several other investors such as Y Combinator, Accel, and Lightspeed Venture Partners. Tavus allows users to create thousands of versions of a single video tailored to each specific audience member using their name and information, achieved by cloning the user's face and voice to generate realistic videos. The company plans to use the funds to expand its team and develop its AI video generation platform to continue leading in the scalable personalized video space.

  2. Metasense, a company focused on creating immersive virtual experiences powered by AI, ML, Blockchain, and AR, has raised $5 million in seed funding led by Luduson G Inc, a B2B gaming company. The investment will enable Metasense to expand its global venture studio offering and launch new projects in its innovation pipeline. The Metaverse allows people to interact in virtual communities using avatars, and the company plans to use the funding to create even more value for its stakeholders.

  3. Numbers Station, an intelligent data stack automation platform that allows users to leverage AI for data transformation tasks, raised $12.5 million in a Series A round led by Madrona, with participation from Norwest Venture Partners, Factory, and notable angel investors such as Jeff Hammerbacher. The company plans to use the funds to expand operations and accelerate the growth of its platform.

🦾 Trending Tools

  • ILLA Cloud is a low-code platform for enterprise apps that offers real-time collaboration, permission management, and public app publishing. It allows users to create powerful applications without complex coding and use AI to generate SQL queries in any language. ILLA Cloud's pre-built components and integration with popular databases and data sources enable streamlined development. It also supports Hugging Face/EndPoints and API integration, including REST API and Amazon S3.

  • Bringing together neuroscience and machine learning, BrainsFirst offers a bias-free brain-based assessment platform to help professionals in HR, sports scouting, and education in making better hiring choices. With access to rich human performance information, their award-winning cognitive test, the NeurOlympics Games, measures the building blocks of potential using cutting-edge neuroscience and best practices. Backed by six years of scientific research, BrainsFirst's platform aims to enable individuals to flourish by identifying and developing top talent.

  • Guru is a cloud-based knowledge management software that integrates with all major business applications, making every piece of knowledge served across the platform more relevant and useful every day. It offers personalized, up-to-date knowledge delivery and verification, team-expertise suggestions, and integration with existing software tools. By providing quick access to the right knowledge, Guru helps teams increase the adoption and trust of knowledge, decrease employee onboarding time and response time, decrease handle time, increase competitive win rates, and improve conversations with customers.

  • Scrip AI is an AI-powered tool that allows users to create viral 30-second short video scripts for Instagram Reels, TikTok, and YouTube shorts in just one minute. With Scrip AI, users can write 10 times faster and produce better quality scripts, perfect for IG Reels, TikTok, and YouTube Shorts.

  • BulkGPT streamlines the ChatGPT API experience by allowing users to submit multiple requests simultaneously and export the results to a single CSV file. Simply upload a list of ChatGPT inputs and let BulkGPT do the rest, delivering fast results for quick analysis, sharing, or integration with other tools.

  • GPTCraft created Google Sheets templates that feature a built-in ChatGPT function, prompts, and sheet templates for generating Social Media & Ads, Email, and Blog post content. Download the free template or upgrade to the premium version for even more optimized features.

👀 More Reading

🌎 Fresh Content

1. Generative AI has been getting some major upgrades in the visual space but in January Google released some very interesting research on MusicLM, a generative AI that can create music. Two Minute Papers broke down the paper with some interesting insights into its capabilities. Do you think music will be the next industry to get a major AI upgrade? Let us know on Twitter! (YouTube)

2. Computer Science majors have either been crying or jumping up and down with joy since GPT-4 showcased its coding capabilities. Reddit user u/Lorenium is definitely in the first group. (Reddit)

3. GPT-4 put together a list of jobs that it believes can’t be replaced by AI and the reasons why they won’t be replaced. Computer scientists aren't on the list 😬 (Reddit)

🧠 Resources

Learn the fundamentals of Machine Learning with this video from Simplilearn, which covers types such as supervised, unsupervised, and reinforcement learning. Understand the basics with easy-to-follow examples and discover how Machine Learning is utilized in different industries.

 📅 Upcoming Events

  1. NVIDIA GTC (March 20-23, 2023 / Virtual) explores breakthroughs in AI, accelerated computing, and beyond. NVIDIA CEO Jensen Huang will be sharing the AI technologies affecting every industry–and our everyday lives. Learn what's driving the latest transformations in research, industry, and business—from collaborative virtual worlds and advanced graphics to data science, healthcare, and other critical applications. Choose the sessions you’d like to attend that are being hosted by experts from around the world. Register today for free.

  2. Microsoft Secure (March 28, 2023 @ 8:30 AM PDT / Virtual) presents conversations on the state of the industry between Microsoft leaders helping to deliver the products security teams use daily. Be among the first to see what an AI-powered future means for cybersecurity, and learn new comprehensive strategies to help you protect more with less. Register today to secure your spot.

  3. MemCon (March 28-29, 2023 @ The Computer History Museum, Mountain View, CA, USA) is the first memory event focused on end users and systems. MemCon empowers engineers and architects working on memory-constrained problems with peer insights from case studies in genomics, AIML, datacenter, HPC, computational fluid dynamics, in-memory databases, and enterprise knowledge graphs. If you are working on a memory-bound problem, come and unpack it with your peers, meet enterprise data experts, and get your hands on tech demos at the same time. Register your interest today.

 💼 Jobs

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