Snapchat+ introduces AI-generated image features in app

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1. Snapchat+ introduces AI-generated image features in app

Snapchat+ subscribers can now use AI to generate or extend images directly within the app. This feature is part of the app's 'My AI' suite, allowing users to expand images or create new ones from simple prompts.

The update also includes the 'Dreams' feature, enabling subscribers to generate imaginative portraits with friends. These AI functionalities exemplify Snapchat's ongoing efforts to provide innovative and engaging tools for its user base, amidst intense competition in the social media landscape.

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2. Hyperplane to integrate AI in banking sector

Hyperplane Venture Capital's recent move towards integrating AI in banking represents a pivotal change in the financial industry. This initiative is a clear indication of the sector's evolving direction, increasingly focusing on AI-based methodologies and technological solutions.

Such a transition in the banking world highlights a growing reliance on artificial intelligence for enhancing customer service, streamlining operations, and improving overall decision-making within financial services.

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3. Microsoft Showcases Phi-2's Efficiency in Language Processing

Microsoft Research introduces Phi-2, a project underscoring the surprising effectiveness of small language models. Despite their size, these models demonstrate remarkable capabilities in language understanding and generation, challenging the prevailing notion that bigger models are always better.

Phi-2 aims to optimize the balance between model size and performance, offering a more efficient yet powerful approach to AI language processing. This development could have significant implications for AI applications, particularly in resource-limited settings.

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4. Meta Tests GPT-4V Rival AI in Ray-Ban Smart Glasses

Meta is innovating in wearable technology by piloting a sophisticated multimodal AI in Ray-Ban smart glasses, comparable to GPT-4V. This initiative is a major leap towards embedding cutting-edge AI into daily wearables, potentially transforming user interactions and experiences.

The functionality and practical implications of this AI in enhancing the capabilities of Ray-Ban smart glasses are still being assessed. This step signifies Meta's ambition to drive AI integration in non-traditional tech platforms, reflecting a broader vision for AI's role in everyday life.

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5. AI tool to create music samples from text

Output has introduced an innovative AI-powered tool that generates music sample packs from text prompts. These packs, containing 30 royalty-free samples, are compatible with various digital audio workstations. The AI synthesizes these sounds by mixing and reprocessing samples from Output's library, aiming to enhance the music creation process.

Currently in beta, this tool is part of Output's Co-Producer suite, reflecting a significant step in AI-assisted music production. While it's not intended to replace human artists, its practical effectiveness in real-world music creation is yet to be established.

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