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  • The next frontier of generative AI is video.

The next frontier of generative AI is video.

A simple prompt can generate a three-second video. With still photographs, AI has come a long way. A startup company by the name of Runway AI Inc. now produces videos…

VW will launch an electric car for 20,000 euros.

The automaker is looking for a mass-market electric car. A more affordable entry-level electric vehicle will be offered by Volkswagen AG for 20,000 euros ($21,340). The ID.1 model should debut…

Electric vehicles offset weaker growth.

Slower demand amid higher interest rates Because of the sales of its most costly vehicles and the counterbalancing effect of reduced pricing for entry-level luxury models, BMW AG anticipates 2023…

Google launches additional AI features

To outpace competitors like Microsoft Corporation and startup OpenAI, Google has unveiled new AI-powered services for its cloud computing customers. To entice AI firms to use their platforms, cloud computing…

Volkswagen will build a battery plant in Canada.

Canada offers access to raw materials and clean energy. Volkswagen AG has decided to construct its first battery facility outside of Europe in Canada to hasten growth in the crucial…

SpaceX moves closer to satellite phone service.

The agency promotes telephone rules in outlying areas. The potential $30 billion market for direct-to-satellite phone calls has drawn Elon Musk’s SpaceX as well as rivals AT&T Inc. and AST…

Futures in Europe and the US are rising.

Financials are under pressure. Following Credit Suisse Group AG’s announcement that it will borrow money from the Swiss central bank and attempt to buy back debt, European and US stock…

ChatGPT Creator Introduced GPT-4 AI System

Microsoft Bing, Morgan Stanley, and Stripe use this technology. OpenAI is the replacement for the artificial intelligence tool that gave rise to the ChatGPT Dall-E malware services and generated fierce…

Oil drops as SVB collapse hits markets

US dollar falls after SVB bankruptcy Oil prices dropped as the market fallout from Silicon Valley Bank’s failure, the worst since the 2008 financial crisis, rippled across the globe. Underscoring…

The closure of Signature Bank

Signature Bank had relationships with Coinbase and Circle. As the crypto industry gets more and more walled off from the financial system, the closing of Signature Bank, a lender that…

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