NEWS YOU CAN’T MISS

"Where Do Grandmas Go When They Get Lost?" - AI Film Festival

A sneak peek into the future of cinema?

Runway AI, a leading startup in AI-powered video generation, organized an AI film festival in New York and provided the technology for filmmakers to create their short films.

10 innovative short films were selected from nearly 3,000 submissions.

"Where Do Grandmas Go When They Get Lost?", won an Honoree prize at the festival, and is a short film by French director Leo Cannone that explores what happens to grandmothers after they die, featuring fantastical characters, including giant grandmothers.

To make his film, Leo Cannone generated hundreds of images using the AI application Midjourney, then animated them with Runway, making countless edits along the way.

It wasn’t perfect, but the technology is certainly moving faster than anyone could have predicted.

My take:

I think this is a fantastic opportunity for artists to express their creativity without the pressures of fundraising and selling to Hollywood producers. Runway subscriptions cost $72/month for unlimited video generations.

For Hollywood, it represents an opportunity to cut costs, but it also presents a new threat to traditional movie production and power structures, similar to how Netflix disrupted the TV industry. And that’s probably a good thing.

OpenAI releases GPT-4o. How will it affect you?

The whole world is talking about OpenAI’s new features and yes, as Sam Altman hinted, they are “magical.”

Some things for you to note:

It’s multimodal, which means it can handle text, voice, and images. That’s why they’ve named it GPT-4o where the “o” stands for Omni.

And to be honest, the name is appropriate. I took a picture of my son at the breakfast table this morning and uploaded it to the OpenAI app, and the rather pleasant voice assistant described him, what was on his plate, the trees outside the window, the weather, what he was wearing and even his school’s name on his uniform perfectly.

When you have multi-modal AI, you need fast compute. GPT-4o is powered by Nvidia’s latest AI supercomputer (if there’s any doubt to how important this point is, note that the Open AI CTO personally thanked CEO Jensen Huang for delivering it to them at the end of the demo).

Last but not least, don’t just read the news. Let’s think about how it affects your business. I’m always interested in how AI innovations help my clients or threaten their companies.

Case in point: The Financial Times reported that after GPT-4o seamlessly did live language translations during the demo, popular language-learning app Duolingo’s shares went down by 5%.

So if you’re not incorporating Generative AI in your business, you are in real danger of being left behind by companies that do.

ps. The very next day, Google announced its own slew of AI updates to its entire ecosystem. More on that next week!

Will AI change how we date forever?

Many singles express a sense of burnout from dating apps. I've heard this sentiment from several people - they're tired of investing time and effort into getting to know someone, only to be ghosted by a serial ghoster or realize the person isn't right for them

Could AI assistants help?

“You could, in the near future, be talking to your AI dating concierge. You could share your insecurities,” Wolfe Herd said. “There is a world where your dating concierge could go and date for you with other dating concierges.”

Hmmm, so your AI assistant could potentially save you a significant amount of time and heartache as you navigate the dating world? What do you think?

By the way, Wolfe Herd is a phenomenal entrepreneur. Before she founded Bumble and took it public in an IPO, valuing it at $7 billion, she co-founded the other massively popular dating app Tinder.

At Bumble, she developed the first dating app to create a safe space for women to make the first move and decide if they wanted to meet anyone.

Sooo ... I wouldn't totally write off her AI dating assistant idea. While I'm totally against delegating relationship building to AI, I'm open to it doing some legwork to find better matches.

She might be onto something.

WOMEN IN AI

Meet Mira Murati, the CTO of OpenAI

She previously interned at Goldman Sachs as a Summer Analyst, worked as an Advanced Concepts Engineer at Zodiac Aerospace, worked as Senior Product Manager for Model X at Tesla, and led the product team at Leap Motion before joining OpenAI.

At OpenAI, she started as VP of Applied AI & Partnerships, moving on to SVP of Research before becoming the CTO in 2022. In 2023, she briefly became the Interim CEO of the company during the Sam Altman ouster.

She focuses on AI in healthcare and education and serves on the board of Unlearn.AI, a startup focused on developing machine-learning methods for speeding up disease diagnosis and treatment.

Her achievements include;

• featured in Fortune’s 100 Most Powerful Women in Business

• earned the WTF Innovators award for commercialization of advanced AI models

• featured in Business Insider’s - The AI 100 2023

At OpenAI, she has overseen the creation of AI models that almost everyone is familiar with, like ChatGPT, the image generator DALL-E 2 and 3, and GPT-4.

😎 Who run the (AI) world? Girls! OpenAI's CTO is a woman, and she's breaking barriers in the most renowned AI company in the world right now.

ENTERPRISE AI CASE STUDY

An AI assistant for winning in football

⚽ What’s a corner kick in football, and why is it important?

13% of Premier League goals have been through corner kicks, which means only one thing: teams need to use AI to make sure they nail these game-changing moments.

Here’s how the club plans to have many such corner kicks in the future:

Google DeepMind and Liverpool partnered to create TacticAI, which uses geometric deep learning to analyze criteria such as who received the ball and whether they were able to shoot.

The system – trained on 7,176 corner kicks from the Premier League – allows coaches to simulate various player setups and tactics.

Based on this learning, TacticAI has the capability to predict which player will first touch the ball and if it will lead to a shot, taking into account each player's height and weight.

The AI provides tactical recommendations to improve the players’ positions before each corner kick and increase the probability of a goal being scored.

Experts from Liverpool favored the recommendations of TacticAI over real-life tactical setups in 90% of the cases when evaluating the system.

Fun fact: Demis Hassabis, co-founder and CEO of Deep Mind, is reportedly a lifelong Liverpool fan.

PROFESSIONAL BITE

Why lawyers need to adapt?

For anyone who is or planning to become a lawyer, AI is transforming the legal profession, and you need to adapt.

The traditional path to a legal career has been rigidly defined:

• Attend law school for three years and pass the bar exam

• Accumulate years of experience in law firms, facing cutthroat competition and working long hours for limited client interaction, climbing a slow and hierarchical ladder.

It's time to rethink the status quo.

Here's a new path forward:

• Attend law school and pass the bar exam (still necessary!)

• Use AI tools like Casetext, Part of Thomson Reuters for precedence research

• Let AI assistants like Robin AI draft emails, memos, and contracts, and Harvey do contract analysis, due diligence, litigation, and regulatory compliance

And with the extra time on your hands, you can:

• Provide more strategic advice to clients

• Develop a niche expertise in emerging legal fields like biotech, cryptocurrency, or data privacy

• Or simply enjoy gardening, hiking, or hanging out with family and friends

Embrace the change.