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Meta Challenges OpenAI With New AI Video Model
Damon James
October 07, 2024
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October 7th, 2024
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Read Time: 10 Minutes
Today’s Menu
Meta Challenges OpenAI With New AI Video Model
Bitcoin Teases $64K Amid a Memecoin Frenzy and Market Anticipation
Markets
Price | 1 Day Change |
|---|
Bitcoin | $64,055 | .8% ⬆️ |
|---|---|---|
Ethereum | $2,502 | 1.3% ⬇️ |
Solana | $150 | .7% ⬇️ |
TODAY IN AI
Meta Challenges OpenAI With New AI Video Model
Meta just unveiled "Movie Gen," a suite of AI models designed for video and audio generation, directly competing with OpenAI's Sora and others.
The details: Movie Gen includes four models for generating HD video, audio, personalized clips, and video editing. It creates up to 16-second videos from text prompts, synchronizing audio like sound effects and music. Meta claims Movie Gen outperforms rivals in human evaluations of quality and consistency.
Why it matters: Meta plans to integrate Movie Gen into Instagram, potentially revolutionizing video creation for millions by making advanced editing as simple as typing.
Today In Crypto
Bitcoin Teases $64K Amid a Memecoin Frenzy and Market Anticipation
Bitcoin briefly flirted with $64,000 before slipping back to $63,000, up 1.6% in 24 hours. Traders are bracing for U.S. inflation data and FOMC minutes on Wednesday, which could shake the markets.
Memecoins saw a weekend surge, with popcat and mog climbing over 12%. Talks of a "memecoin supercycle" on X added to the excitement, while cat-themed tokens outshone dog-themed counterparts.
Meanwhile, Tokyo-listed Metaplanet increased its BTC holdings to 639.5 BTC, riding a 7.9% rise in its stock.
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