AI, Tech, and Trends: Morning Updates from OWITH.ai

OWITH.ai - Only What's Important to Hear around AI and Tech

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. Proponents of Operation Chokepoint 2.0 believe that regulators under the Biden administration are trying to cut off banking access to the crypto industry. While some banks did stop services to crypto companies, it was likely due to concerns about risks and costs. Despite legal action taken by Coinbase, key details remain redacted, leading to skepticism surrounding the conspiracy theory. On the brighter side, various companies have secured significant funding rounds and there have been notable private equity deals and acquisitions in different industries.Google's annual "top trending searches" found that the U.S. election was the news event of the year, with other trends including movies, songs, and sports events. China is investigating Nvidia for antitrust violations, Apple faces new competition in the payment app space, and TikTok's parent company is seeking an injunction against a law forcing it to sell TikTok. Other tech news includes General Motors shifting focus away from its Cruise robotaxi business and OpenAI releasing a text-to-video model.Recent advancements in AI technology, such as Google's quantum computing breakthrough and OpenAI's "12 days of OpenAI" campaign, are changing software development by automating routine tasks. The impact on businesses encourages companies to prepare for this shift in technology to remain competitive. The opportunity for brands to reach a community of readers through various social media platforms is highlighted in the text.At the Fortune CEO Initiative dinner, concerns were raised about the safety of corporate leaders following recent events. Ellevest CEO Sallie Krawcheck announced her resignation due to an undisclosed diagnosis, while GM decided to shift focus away from its robotaxi business. Former Amazon executive Dave Clark believes AI will enhance human brain function and dismisses concerns about job loss due to AI.OpenAI has launched a new version of its AI video model called Sora Turbo during their 12-day Christmas event. The "turbo" in the name signifies that this version is faster than the previous one, making it suitable for a larger user base. Some users have criticized OpenAI for potential trade-offs made to increase speed. Subscription options for Sora Turbo include a basic plan for $20/month and a pro plan for $200/month, with restrictions on video resolution and length. Users in certain regions currently do not have access to Sora Turbo due to regulations.

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