What is today’s beat?

RELEASES
🧨 Adobe Firefly AI video generation rocks!
🧨 SOFTBANK Vision fund reports $2.4B loss

NEWSROOM
🗞️ EU abandons ePrivacy, AI liability reforms focus to AI competitiveness
🗞️ Snowflake + Anthropic partnership - what it means for businesses
🗞️ AI Dubbing for Polish Presidency of EU Council

BUILDER BYTES
⭐️ HuggingFace Agents - course open for all!
⭐️ GraphStorm: Scalable Graph ML on AWS
⭐️ Top Free Research Datasets

COMMUNITY
🤩 Two Minute Papers, Meta’s New AI: Outrageously Good!
🤩 The Right (And Wrong) Way To Spend Money At Your Startup
🤩 Tara Chklovksi, Anshita Saini on Technovation Pioneering AI Education for Innovation

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🧨 Adobe Firefly 🧨

Adobe Firefly AI video generation rocks

Adobe has launched Firefly, an AI-driven application that enables users to generate images, vectors, and videos through advanced tools within an intuitive, professional environment.

• Generative AI Video Creation
  create videos from text descriptions or reference images, producing 1080p clips at 24 frames per second, up to five seconds long.

• Subscription Plans
  Standard: $9.99 per month, providing 2,000 video/audio credits
  Pro: $29.99 per month, offering 7,000 credits.

• Integration with Creative Cloud
  The application seamlessly integrates with Adobe's Creative Cloud suite, allowing for easy transfer and editing of AI-generated assets across tools like Photoshop, Premiere Pro, and Adobe Express.

🧨 Softbank 🧨

SOFTBANK Vision fund reports $2.4B loss amid AI investment strategy

Perhaps you recently heard the USA has a $500B investment, called the StarGate Project, being led by SoftBank? Well, Softbank’s Vision Fund has some significant losses, despite its ambitious stake in AI. Here are the key highlights

• Major Wins and Losses
  Approximately $2.4 billion lost due to Coupang and Didi devaluation while $500B put into the Stargate project.

• Big Stakes in Quantum
  With Google Quantum AI, a $230 million round closed for Boston-based neutral-atom quantum firm QuEra Computing.

• Financial Position
  Despite recent losses, SoftBank maintains a cash reserve of $33 billion as of December.

View Softbank’s Vision investments here.

🗞️ NEWSROOM 🗞️ 

What’s hot in tech right now?

EU abandons ePrivacy, AI liability reforms focus to AI competitiveness
The European Commission has withdrawn the ePrivacy Regulation and AI Liability Directive proposals, shifting focus to enhancing AI competitiveness and data access, citing low approval prospects for the original reforms.

Snowflake expands with Anthropic partnership - what it means for businesses
A look at how their collaboration enables businesses to deploy AI agents within their existing security frameworks, improving productivity across various teams.

AI Dubbing for Polish Presidency of EU Council
Press conferences during Poland's EU Council Presidency will be AI-dubbed into Polish, English, and French, enhancing accessibility and multilingual engagement.

⭐️ BUILDER BYTES ⭐️

What’s hot for builders right now?

HuggingFace Agents - course open for all!
Long awaited, much anticipated, Huggingface has opened its agents course. To view the introductory Q&A video, view here.

GraphStorm: Scalable Graph ML on AWS
Enterprise graph machine learning framework for billion-scale graphs for ML scientists and data scientists. AWS Recently released v0.4.

Top Free Research Datasets
A pick of the top 10 open source datasets for a computer vision practitioner.

🤩 COMMUNITY 🤩

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