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Sam Altman leads the AI pack with new video feature

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Sam Altman, CEO of OpenAI, has once again propelled the organisation to the forefront of the AI industry.

This time, the spotlight is on a revolutionary new AI model named Sora, marking a significant leap forward in text-to-video technology.

Altman’s announcement of Sora has sent shockwaves through the AI community, signaling a new era in the field of artificial intelligence.

Unlike previous developments that focused primarily on text-based applications such as ChatGPT, Sora represents a pioneering foray into the realm of video generation from text inputs.

Introducing Sora

Named after the Japanese word for “sky,” Sora promises to revolutionize the way videos are created by harnessing the power of AI.

With the ability to generate videos up to a minute in length solely from textual descriptions, Sora opens up a wealth of possibilities for content creation, storytelling, and communication.

Altman’s unveiling of Sora underscores OpenAI’s commitment to pushing the boundaries of what AI can achieve.

Read more – Open AI is getting into the video business

By leveraging cutting-edge technology and visionary leadership, the organization continues to set new benchmarks in the field, cementing its position as a leader in artificial intelligence research and development.

Impact of Sora

The introduction of Sora has far-reaching implications across various industries, from entertainment and marketing to education and beyond.

With its ability to streamline the video production process and democratize access to visual content creation, Sora has the potential to reshape the way we interact with and consume media in the digital age.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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News

Tesla’s robotaxi reveal sparks excitement

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Analysts and investors are eagerly awaiting Elon Musk’s big reveal—a fully functional autonomous vehicle that could revolutionise ride-hailing.

Tesla’s stock has soared 52% since Musk first announced the event in April, reflecting high hopes for the launch of its much-anticipated robotaxi.

The vehicle, dubbed the “Cybercab,” is said to be a sleek, two-seater without a steering wheel or pedals—straight out of the future.

Tesla also teased a ride-hailing app that will summon these driverless cars to pick up riders at their chosen locations.

Not convincing

But not everyone is convinced—some analysts warn that while Musk’s vision is bold, the timeline for these innovations may not deliver immediate results.

Musk has a history of overpromising on autonomous tech, and this event might be more about grand ideas than tangible products.

Tesla first floated the robotaxi idea in 2016, with Musk hinting at a future where owners could lease their cars to others for extra income.

If the software keeps pace with Musk’s ambitions, the future of driverless Teslas might be closer than we think.

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Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Leaders

Experts reveal AI’s impact on the retail experience in Australia

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AI has become a game-changer for marketers and retailers in Australia, with many consumers reacting positively to AI integration in the retail environment.

 

Retailers are using AI to optimise inventory, personalise shopping, and improve customer service through advanced chatbots.

Shoppers now enjoy personalised recommendations and seamless online shopping experiences.

Predictions suggest more personalised experiences and smarter shopping platforms within the next 12 months.

Will Wilson, RVP of Sales APJ at SAP Emarsys joins to share his insights into how AI is streamlining success on a large scale.

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