Toys "R" Us' AI Fever Dream🧸

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June 27, 2024

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Here's a quick look at today's AI briefing

Amid a surge reminiscent of the dot-com bubble, investors at the Collision conference express caution toward the AI startup frenzy. Key takeaways include the search for startups with unique, viable business models, especially those capable of creating a 'data moat' with proprietary or distinct data sets for AI training. High-profile investments continue despite concerns, with emphasis on differentiation and long-term value over AI hype. Is a shakeout on the way?

Toys “R” Us partnered with ad agency Native Foreign to create a brand film using OpenAI's text-to-video tool Sora. The film uses AI-generated video clips to tell the story of the company's founder. Sora, which was introduced in February, is still not yet available to the public. The video required quite a bit of human post-production work to put together, showing that Sora is not yet a turnkey solution for instantly usable clips. The video, as well as behind-the-scenes footage showing how it was made, is available in the article.

Other News

  • Figma has announced a major UI redesign, new generative AI tools, and a built-in slide show functionality. The UI redesign includes a new toolbar, rounded corners, and 200 new icons. The new generative AI tools allow users to quickly get started with a design.

  • Google is collecting facial data from its interior security cameras at one of its sites in Kirkland, Washington, to help identify people who may pose a security risk to its people, products, or locations.

  • YouTube is reportedly negotiating with major music labels like Sony Music Entertainment, Universal Music Group, and Warner Records to pay for licensing their songs for AI training.

  • Character.AI announced that users can now make calls to AI characters, supporting multiple languages including English, Spanish, Portuguese, Russian, Korean, Japanese, and Chinese.

đź’» Mastery tools of the day

  • Ario - AI assistant for busy parents

  • Zip AI - Procurement intelligence that works for you (used by OpenAI, Snowflake and Sephora)

  • AI edit by Captions - Watch as AI edits your videos for you

  • Lazy AI - Build web apps with prompts and deploy them with 1 click

  • Skyvern - Automate browser-based workflows with AI

đź’ˇWhat else are we reading and seeing?

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