ByteDance, TikTok parent company comes for OpenAI with their TTV model, Jimeng AI.

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TikTok parent company, ByteDance launched text to video model, Jimeng AI and its poses to be OpenAI’s Sora biggest competitor. On another hand, OpenAI quietly released long anticipated GPT-4o amidst its leadership scandal. We bring all the news to your doorstep - so, grab a seat, sit back, and indulge. It's time to savor the excitement of what the AI world has served up this week!

Here's your curated dose of the most significant events in the AI ecosystem this week:

1. OpenAI released GPT-4o amidst leadership drama

2. ByteDance comes for Open AI with their Text to Video model, Jimeng AI

3. Figure’s New Robot Uses OpenAI to Talk Naturally with Humans

4. YouTube is testing a feature that lets creators use Google Gemini to brainstorm video ideas

OpenAI just rolled out a new version of their language model, GPT-4o, on Azure, and it's designed to make things easier for developers. This update focuses on helping developers create structured outputs like JSON Schemas more efficiently. It's all about making the process smoother and reducing errors when you’re integrating AI into your projects. On top of that, OpenAI has managed to cut costs by 50% while also boosting performance. This is especially important right now, as competition in the AI world is heating up, with big players like Google, Meta, and Anthropic all pushing their own advanced models. This release comes at a tricky time for OpenAI, with some key leaders leaving the company. But by improving their tools and cutting costs, OpenAI is showing they are serious about staying ahead in this rapidly changing industry.

ByteDance, the company behind TikTok, has launched a new tool called Jimeng AI that lets you create videos just by typing in a text prompt. This is part of a larger trend in China where tech companies are racing to develop similar text-to-video technology. You might have heard about OpenAI working on something like this too. Jimeng AI is now available on both Android and Apple in China, and it’s not the only one out there. Other Chinese companies like Kuaishou and Zhipu AI have also introduced their own versions recently, making this tech more accessible to everyone. If you are curious about trying it out, Jimeng AI offers subscription plans that start at 69 yuan a month. With it, you can create a good amount of AI-generated images and videos. This shows just how fast the text-to-video space is evolving, with Chinese companies really pushing the envelope.

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Figure just introduced their latest humanoid robot, the Figure 02. It's a step up from last year’s model, Figure 01, with some impressive new features. What really sets it apart is its advanced AI, developed in partnership with OpenAI, which helped them secure a huge $675 million investment earlier this year. It’s designed to work right alongside people on factory floors, using speech and vision sensors to interact safely. This means it can follow instructions and keep you updated on what it’s doing, which is really important since these robots move around freely and could be dangerous without the right precautions. The Figure 02 also has improved hands that can handle more delicate tasks, thanks to its advanced computing power. Right now, it’s being tested in factories, but Figure is already hinting that we might see it doing even more in the future—maybe even around the house.

YouTube is trying out a new feature called "Brainstorm with Gemini" to help creators come up with video ideas, titles, and thumbnails. This tool uses Google’s Gemini AI and is currently being tested with a small group of creators to see how helpful it is. The idea behind this feature is to give YouTube an edge over other platforms like TikTok and Instagram by offering something they don’t—AI tools that make the content creation process easier. If you’re part of the test group, you can type a video idea into YouTube Studio and choose between the old inspiration tool or the new Gemini feature. While the inspiration tool gives you video ideas and outlines, YouTube wants to know if creators also find the Gemini tool useful for brainstorming. YouTube is focusing on AI to help creators make content, while other platforms are more into things like creating digital avatars.

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