🚀 Runway's Gen-2 AI: A Leap Forward in Text-to-Video Generation

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Today you need to know:

• 🚀 Runway's Gen-2 A is a leap forward in text-to-video generation

• ⛓️ "AI-powered" blockchain scams $1M from users

• 🧹 AI waste management startups are getting funding

• ⛑️ AI can help prevent workplace accidents

• ⚒️ 5 AI tools for your tech stack

Plus a lot more! This will only take 5 minutes. Off you go! 🚀

📌 BIG NEWS

Runway's Gen-2 AI: A Leap Forward in Text-to-Video Generation

Runway's Gen-2 is bringing your video vision to life with just a text prompt.

The New York-based AI startup, Runway, has announced an advanced version of an AI neural network it has been developing since last year.

Unlike its predecessor, Gen-1, Gen-2 can generate three-second video clips based solely on text prompts.

It’s outperforming other advanced AI models such as Meta's Make-A-Video and Google's Imagen Video, but the tech still has some limitations.

In an exclusive live demo, Runway CEO Cris Valenzuela acknowledged that the system still struggles with accurately depicting moving objects, only produces silent videos, and yields blurry and shaky image quality.

Valenzuela explained that "it's early" and that the model will "improve over time."

📰 MORE HEADLINES

"AI-powered" blockchain scams $1M from users. ⛓️ Claims to have AI-optimized the trade process. Promised 101% ROI in 21 days. Almost $1M stolen from more than 30k users. CertiK confirms it's a scam, warns against interacting. (Coin Telegraph)

AI hype creates 45k additional jobs in India. 👔 Bucking recent employment fears. Most job opportunities are in healthcare, education, manufacturing, and retail. Roles include data analyst, engineer, and developer. (People Matters)

Researchers traced how AI makes predictions. 💭 New AI method, Tuned Lens, was developed and used. Measures AI's prediction depth. Detects prompt injection attacks. Can quantify difficulty of a task to the AI. (Marktech Post)

New algorithm colorized black and white films. 🎨 Combines interactive and automated coloring techniques with deep learning. Process is user-controlled for authenticity. Artificial noise can be added. (Neuroscience News)

💰AI FUNDING

Mendelian receives $1.7 million in funding. 🩺 Helps diagnose rare diseases. Funds will be used to further develop AI-powered tech. Plans to carry out real-world testing. (Tech Funding News)

Tavus raised $6.1 million in seed funding. 📹 Uses generative AI for personalized videos. Plans to use the funds to further develop its platform. To offer AI-powered video based on specific use cases and needs. (Tech Crunch)

Circular Valley funds AI waste sorting and reusable packaging startups. 🗑️ Circular Valley's funding program supports AI-based solutions for waste management. Lixo uses AI for waste sorting. Rhinopaq provides reusable e-commerce packaging. Twelve other startups also get funding. (Packaging Europe)

🛠️ TOOLS

• Circleback.ai. Automated meeting notes and summary. Multilingual transcription available. Smart search function for meetings. Private and secure data storage.

• AI Studios. Creates realistic AI videos quickly. Custom-made AI avatar for branding. Easy-to-use intuitive tool. Time and cost-saving in production. Offers templates and one-click subtitle generation.

• Noty.ai. Boosts meeting productivity. Generates AI-powered real-time transcription. Creates meeting summaries and follow-ups. Allows transcript sharing.

• Robin. Automates sales funnel. Helps reach out to leads quickly. Enables email sending from your address. Offers personalized sales advice and integration.

• DoNotPay. A robot lawyer app. Helps fight corporations and bureaucracy. Helps find hidden money and sue anyone. Helps save time, money, and hassle when dealing with legal matters and other issues.

🛡️AI SAFETY & ETHICS

AI helps prevent workplace accidents. ⛑️ Uses computer vision models to detect potential hazards. Helps prevent accidents before they occur. Has so far reduced worker's compensation claims by up to 23%. (Nationwide)

New entertainment coalition promotes ethical AI. 🎭 Backed by music organizations. Over 40 organizations involved. Aims to protect artists' jobs vs. AI. Promotes stricter copyright and intellectual property compliance. (RA)

Mila and UNESCO join forces to promote AI governance. 📕 Published joint book highlighting ethical concerns on AI. Includes articles from academics and policymakers. Urges ethical and inclusive AI development. Initiative funded by Quebec government. (PR Newswire)

🎙️ FROM PODCASTS (Powered by Deciphr AI)

Adventures in Machine Learning: Users warned against AI-generated spam. Illegal activities already use AI. Mail providers have sophisticated filters. But AI bots like GPT-3 can adapt to detection.["How Does ChatGPT Work? - ML 107" episode at 00:30:15]

Machine Learning Street Talk: Ethical concerns in AI raised. Views differ on enforcement. Deflationary approach suggested. Sharing beliefs will resolve curiosity. Right imperatives could be the solution.["#106 - Prof. KARL FRISTON 3.0 - Collective Intelligence [Special Edition]" episode at 02:38:20]

Machine Learning Street Talk: Understanding is complex in AI. Linguistic competence has distinctions. AI models have different competences. Language models learn complex patterns.["#107 - Dr. RAPHAËL MILLIÈRE - Linguistics, Theory of Mind, Grounding" episode at 00:19:00]

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That's it for today! This newsletter was made with the help of AI-driven research. ✌️