Veo 2 and Imagen 3

Pivot 5: 5 stories. 5 minutes a day. 5 days a week.

1. Veo 2 and Imagen 3

Veo 2 and Imagen 3 are new video generation models from Vertex AI, which have been used by YouTube creators, enterprise customers, and creatives to create video backgrounds and enhance workflows. Veo 2 and Imagen 3 now achieve state-of-the-art results, and are available in VideoFX, ImageFX, and the Labs experiment, Whisk.

Veo 2 creates high-quality videos in various subjects and styles, enhancing detail and realism. It understands real-world physics and human movement, delivering high-quality videos at resolutions up to 4K and extended to minutes in length.

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2. Meta urges the California Attorney General to stop OpenAI from becoming a for-profit

Meta is urging California’s attorney general to block OpenAI’s planned conversion to a for-profit company, arguing it would set a dangerous precedent of allowing startups to enjoy the advantages of nonprofit status until they are poised to become profitable, Jessica Toonkel, Keach Hagey, and Meghan Bobrowsky of The Wall Street Journal reports.

In a letter, Meta wrote, “If OpenAI’s new business model is valid, non-profit investors would get the same for-profit upside as those who invest the conventional way in for-profit companies while also benefiting from tax write-offs bestowed by the government.”

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3. Apple urged to axe AI feature after false headline

Reporters Without Borders (RSF) has called on Apple to remove its AI feature that created a misleading headline about murder suspect Luigi Mangione. The BBC made a complaint after Apple Intelligence, which uses AI to summarize and group notifications, falsely claimed Mangione had shot himself.

RSF argues that AI tools are too immature to produce reliable information for the public and that Mangione faces a first-degree murder charge.

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4. Goldman Sachs: Just 6.1% of American companies using AI

iGoldman Sachs' research indicates that 6.1% of American businesses are using AI for product or service production, up from 5.9% in Q3.

Finance and insurance companies show the highest adoption rate, while information, manufacturing, and education companies report decreased adoption. AI investment growth is projected, particularly in the semiconductor industry, with a 37% increase in revenue by the end of next year.

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5. Nvidia falls into correction territory, down more than 10% from its record close

Nvidia shares fell, putting the AI chip maker in correction territory, despite the Nasdaq Composite reaching a record. The stock is down 4.5% in December and is 11% off its closing high of $148.88.

The market's underperformance could signal profit-taking on Wall Street after another successful year. Broadcom surged 11%, building on a 24% rally from Friday, and other semiconductor stocks also rallied. The $125 to $130 level marks a key test for the stock and the overall market.

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