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Welcome, AI Enthusiasts.
Amazon Unveils AI Image Generation Tool for Advertisers, Aims to Revolutionize Ad Creatives
Viso's approach has the potential to empower businesses to harness the power of visual AI without the need for extensive resources or technical know-how.
In today’s issue:
🤖 Amazon’s new generative AI tool
🛩 Voice-controlled AI copilots
🛠️ 3 New AI tools
💻 Custom DALL-E 3
🤖 3 Quick AI updates
Read time: 3 minutes.
LATEST HIGHLIGHTS
AMAZON
🤖 Amazon’s new generative AI tool
Image source: Amazon
To recap: Amazon is launching an AI image generation tool for advertisers to create dynamic product backgrounds based on descriptions and themes, with beta testing underway and plans for broader availability. This tool aims to help brands enhance ad performance by providing engaging, context-rich visuals and potentially increasing click-through rates by up to 40%.
The details:
The AI image generation tool introduced by Amazon allows advertisers to create custom backgrounds for their product images based on text descriptions and themes, aiming to make advertisements more engaging and visually appealing.
Amazon is currently testing this tool in beta with select advertisers before gradually expanding its availability to a wider audience.
Amazon envisions that this innovative feature can help improve ad performance significantly by enabling brands to place their products in lifestyle contexts, potentially increasing click-through rates by as much as 40%.
Here is the key takeaway: Amazon is introducing a beta-tested AI image generation tool for advertisers, enabling them to create compelling product backgrounds based on descriptions and themes. This tool has the potential to enhance ad performance by making ads more visually appealing and context-rich, potentially increasing click-through rates by up to 40%.
Image source: Viso
In Summary: Viso has raised $9.2 million in seed funding to expand its low/no-code platform for creating customized computer vision models, catering to companies seeking simplified and efficient computer vision solutions. The platform offers end-to-end capabilities, attracting customers like PricewaterhouseCooper, DHL, and Orange, with significant growth experienced since 2022.
Key points:
Viso has secured $9.2 million in seed funding to scale its low/no-code platform for creating custom computer vision models.
The platform simplifies the process of building and deploying computer vision models, enabling companies to develop enterprise-grade models without extensive expertise.
Viso's comprehensive solution covers data handling, model training, implementation, hosting, compliance, analytics, and security.
The funding round was led by Accel and supported by angel investors.
Notable companies like PricewaterhouseCooper, DHL, and Orange have adopted Viso's platform.
Viso has experienced significant customer growth, with a six-fold increase in new customers since 2022.
Our thoughts: Viso's $9.2 million seed funding reflects the growing demand for user-friendly computer vision solutions, with its low/no-code platform offering a streamlined approach to building and deploying custom models. As major players like PricewaterhouseCooper, DHL, and Orange adopt Viso's platform, it's poised to simplify the integration of computer vision across diverse industries.
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AI DOJO
DALL-E 3
💻 How do I access the DALL·E editor?
Once you're logged in on a desktop device, you can launch the editor in two ways:
Start with an image: From any image on the DALL-E website, you can click the "Edit" button to drop into an editor with that image as the starting point.
Start with a blank canvas: If you'd prefer to start from scratch, you can bookmark and use the following URL: https://labs.openai.com/editor
While users on mobile devices don't have access to advanced editor features like outpainting, you can still inpaint images by tapping "Edit" on an existing image you've generated or uploaded.
QUICK BYTES
Korean startup Moreh, backed by AMD and KT, has secured $22 million in a Series B funding round, bringing its total funding to $30 million. Moreh specializes in AI software, offering MoAI, which is compatible with popular machine learning frameworks and enables efficient operation of AI models, including large language models, on GPUs and neural processing units (NPUs). The funding will support research and development, product expansion, and further team expansion as the company aims to reach $30 million in revenue by the end of 2023.
Alphabet and Microsoft have reported positive financial results, showcasing the impact of AI technologies on their revenues. Alphabet's Q3 revenue exceeded expectations at $76.69 billion, although its cloud revenue slightly missed estimates. In contrast, Microsoft's Q3 revenue of $56.52 billion exceeded estimates, with its "Intelligent Cloud" segment, including Azure, experiencing strong growth. While Alphabet's stock faced a decline, Microsoft's stock rose, indicating varying investor reactions. The success of AI-driven technologies in these tech giants suggests a growing market demand, offering potential opportunities for startups in the AI space.
The entertainment industry is undergoing significant changes driven by AI and Web3 technologies, impacting how content is created, consumed, and monetized. AI is revolutionizing television by enabling interactive and personalized experiences, while Web3 offers transparency, data privacy, and novel monetization opportunities through blockchain and NFTs. However, data privacy remains a concern, and ethical AI practices are essential as the industry evolves into a more immersive digital landscape.
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