AI's Dominance: Sora Inspires, Apple Innovates, Creators Thrive and Investments Soar

AI News, Trends & Articles

1) Sora Unlocks a New Realm of Creativity: Artists Share Their Surreal Video Visions

• Sora's ability to generate both realistic and surreal imagery excited users, exemplified by Shy Kids' balloon-headed character
• The text-to-video tool, Sora, is in testing to evaluate its capabilities and limitations ahead of a public release
• Creators praised Sora for transforming the creative process, enabling rapid conceptualization and overcoming technical barriers

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2) Get Ready for a Revolution: Apple Could Unveil AI-Based App Store at WWDC 2024

• WWDC 2024 may mark the introduction of an AI-focused App Store, as predicted by technology analysts
• Apple's MM1 AI model, a new addition, is expected to enhance Siri and underpin AI app developments
• The AI store could feature Apple's proprietary apps and host a variety of AI models, including Google's Gemini AI

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3) How Generative AI is Shaping the Future of Marketing and Creator Earnings

• The optimism about generative AI's impact on the creator economy is high among marketers (75%) and creators (69%), but lower among consumers (34%)
• Generative AI is widely used, with 91% of creators utilizing it for content creation and 92% of marketers commissioning such content
• Creators and marketers see generative AI as a tool to alleviate workload, speed up content creation and enhance earnings potential?

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Disruption, Web 3 & More

1) Record-Breaking $16M CryptoPunk Sale Shakes Up NFT World Again

• A CryptoPunk NFT, one of the rare blue-skinned aliens, was sold for a staggering $16.42 million, setting near-record sales figures
• The seller, known as Peruggia, previously acquired the NFT for $7.57 million in 2021, making a significant profit from the sale
• CryptoPunks continue to dominate the NFT market, with the cheapest punk priced at $166,242, underscoring the collection's high value

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2) The Next Big Shift: How Enterprises are Redefining Generative AI Investment in 2024

• Budgets for generative AI in enterprises have skyrocketed, with an average spend of $7M in 2023, expected to increase 2x to 5x in 2024
• Open-source models gain traction, with a significant shift towards multi-model approaches to avoid vendor lock-in and embrace rapid advancements
• The total spend on model APIs and fine-tuning is projected to grow to over $5B by the end of 2024, marking a massive opportunity for AI enterprises

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3) BlackRock's Tokenized Treasury Fund Hits $245M in First Week

• BlackRock's BUIDL fund, an Ethereum-based tokenized U.S. Treasury, amassed $245M in its debut week
• Ondo Finance boosts BUIDL's growth with a $95M transfer, highlighting the demand for tokenized assets
• The tokenized Treasury market has expanded rapidly, expected to reach $1 billion soon due to strong entrants like BUIDL

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?New Tools and Apps to Try

1) Martin?

Martin is your AI butler

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2) Speck

An AI assistant that turns browser recordings into automations

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3) LeiaPix

Turn 2D images into captivating 3D animations

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AI Image of the Week

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