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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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Is GenerativeAI transforming education?

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Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

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How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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Tech

Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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