Diffusion transformers are the key behind OpenAI’s Sora — and they’re set to upend GenAI
OpenAI’s Sora, which can generate videos and interactive 3D environments on the fly, is a remarkable demonstration of the cutting edge in GenAI — a bonafide milestone. But curiously, one of the innovations that led to it, an AI model architecture colloquially known as the diffusion transformer, arrived on the
Read moreReliance and Disney merge their India media businesses
Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the South Asian market. Reliance will control and own 16.34% of the joint venture, which it has valued at $8.5 billion. Disney will own 36.84% stake in the merged entity whereas
Read moreBlack Tech Nation Ventures’ diversity thesis undeterred by growing DEI backlash
Black Tech Nation Ventures launched in 2021 to address the funding gap for Black founders amid a wave of venture diversity initiatives after the murder of George Floyd in 2020. Three years later, amongst growing backlash against DEI and diversity-focused investments, the firm’s mission may be more important now than
Read moreApply to pitch at TechCrunch Early Stage 2024 in Boston
Pitches are critical in the quest for funding and first customers. It’s rare, however, for innovators to get truly candid insight on their pitches before stepping in front of VCs. Here’s your chance for something different: We’re excited bring back “So You Think You Can Pitch” at TechCrunch Early Stage
Read moreLightricks announces AI-powered filmmaking studio to help creators visualize stories
Lightricks, the company that makes popular apps like Facetune and Videoleap, announced a new AI-powered filmmaking tool called LTX Studio today. The studio helps creators from the ideation phase to generate an AI-powered short clip to understand how a storyline would play out. LTX Studio, which is currently inviting users
Read moreMWC 2024: Nothing enters the budget range with Phone (2a)
Nothing isn’t one to be quiet about new releases. The London-based phone company’s media push largely relies on trickling out information about devices bit by bit. It’s been a solid strategy thus far (if a bit annoying as someone who covers this world), as so many of its announcements have
Read moreThrasio, once king of e-commerce aggregation, files for Ch.11
Thrasio, the U.S. start-up that raised billions of dollars and popularized the concept of e-commerce aggregation — buying up and restructuring dozens of smaller brands and third parties selling on marketplaces like Amazon in a bid for better economies of scale — has commenced a restructuring of its own. The
Read moreOptimizing both hardware and software for GenAI
Ryan and Ben chat with Raymond Lo, AI software evangelist at Intel, about the AI PC, the software that powers AI breakthroughs, and optimizing hardware and software in unison to improve generative AI performance.
Read moreDailyhunt in talks to acquire social network startup Koo
Media startup Dailyhunt is in advanced stages of talks to acquire the Bengaluru-headquartered social network Koo, two sources familiar with the matter told me. The potential deal under discussion involves a share-swap agreement and could be finalized within weeks, the sources added, requesting anonymity as the matter is private. The
Read moreBumble cuts ~350 employees as dating apps face a reckoning
Bumble, a once-powerful force in online dating, is facing a reckoning. The company posted weak Q4 2023 results today showing a $32 million net loss and $273.6 million in revenue. While up from the same period a year ago, earnings came in below Wall Street expectations and were paired with
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