**ChatGPT Enterprise Accelerates OpenAI’s Revenue Growth**
In a significant development, ChatGPT Enterprise, powered by the GPT-4 model, has played a pivotal role in propelling OpenAI’s revenue beyond the $1 billion mark. The Enterprise edition of ChatGPT offers priority access, ensuring faster and more efficient performance for users. This latest achievement reaffirms OpenAI’s position as a leading provider of conversational artificial intelligence software.
AI21 Labs Successfully Raises $155 Million in Series C Funding
Tel-Aviv based AI21 Labs, a company specializing in text-based generative AI services for enterprises, has recently secured $155 million in Series C funding. Notable investors in this funding round include Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next, and Amnon Shashua, the co-founder of AI21 Labs and the founder of Intel-owned Mobileye. The participation of industry giants like Google and Nvidia further solidifies AI21 Labs’ position in the market. With this recent funding, AI21 Labs has amassed a total capital of $283 million, reaching a valuation of $1.4 billion.
IBM Introduces a Promising Analog AI Chip Challenging Nvidia’s H100
Techradar reports that IBM has unveiled a new analog AI chip that poses a potential threat to Nvidia’s H100. Nvidia, a significant player in the AI chip market, may face competition from IBM’s innovative offering. IBM’s latest chip has garnered attention within the industry, suggesting that it might be a worthy contender.
Magic Leap 1 Reaches the End of Its Lifecycle
Magic Leap 1, a popular augmented reality device, has been assigned an “end of life” date – December 31, 2024. Although it is no longer available for purchase, Magic Leap 1 will receive support until the end of 2024. While installed software is expected to continue functioning, users encountering issues after the end-of-life date may need to rely on their own troubleshooting skills.
VRChat Mobile Launches Alpha Version for Android Users
Users can now experience VRChat Mobile in its alpha phase on Android devices. The cross-platform compatibility of VRChat Mobile aims to provide users with access to virtual reality experiences on their mobile devices. Likewise, Meta Horizons, an extension of Facebook’s rebranding as Meta, becomes available on mobile platforms. However, Horizon mobile currently supports only specific worlds that have incorporated mobile device support. Rec Room, a popular virtual reality platform, serves as a precedent for VRChat Mobile and Meta Horizons’ future aspirations.
GenAI Inspires Creativity through Text-to-Image Tools
GenAI, a platform focused on utilizing text-to-image tools, has gained attention through the work of Mehmet Aldış, a talented Turkish Cypriot photographer. Aldış has been passionately involved in harnessing GenAI’s capabilities. By using the Midjoruney text-to-image tool, Aldış ingeniously transforms text-based descriptions into high-resolution images. These images are then converted into 3-second videos using Pikalabs. To enhance the visual quality, Aldış utilizes Topaz AI to upscale the video to 4K resolution. The entire production process for a video took him approximately 1.5 weeks.
FIVARS Holds Annual VR Festival, Featuring Innovative Works
FIVARS, the 9th Annual VR Festival, returns with an online format accessible until October 3rd. The festival’s virtual theater offers viewers the opportunity to watch immersive 360 films with or without a headset. In addition to film screenings, attendees can participate in talks, engage in networking opportunities, and enjoy live virtual performances. A series of live events will also take place in Toronto’s Queen St. W arts district from September 15-19 at the Studio idFK gallery. Notable works showcased at FIVARS include “The Carrier,” a narrative portrayed from a baby’s perspective, “Night Creatures,” featuring stop-motion fruit bats attending film festivals, and “Gumball Dreams,” an enthralling VR theater piece currently featured at the Venice Film Festival. FIVARS serves as a platform that fosters innovative storytelling within the realm of spatial computing.
This Week in XR: Exploring the Latest in Extended Reality
Ted Schilowitz, a futurist at Paramount Global, and Rony Abovitz, founder of Magic Leap, host a podcast called “This Week in XR.” This podcast delves into the ever-evolving landscape of extended reality (XR) technologies. In an episode featuring Michael Mack, the CEO and Owner of Europa Park, the hosts engage in insightful discussions highlighting current developments and trends in XR. Listeners can tune in to “This Week in XR” on Spotify, iTunes, and YouTube.
Thought-Provoking TED Talks for Expanding Your Mind
Expand your horizons with these captivating TED Talks. Bilawal Sidhu’s talk, “AI powered tools to supercharge your imagination,” sheds light on how artificial intelligence can reignite one’s creative potential. Lucas Rizzotto’s talk, “Why I build my own time machine,” provides a thought-provoking perspective on time and human experience. Additionally, keep an eye out for “Where Thoughts Go” and the upcoming talk, “Pillow,” to further enrich your understanding of the possibilities within the realm of XR.
Noteworthy Read: VR Pioneer Jeremy Bailenson: VR Is More Tool Than Toy
Jeremy Bailenson, a VR pioneer, believes that virtual reality has transcended the realm of entertainment and has become a powerful tool. His interview with ZDNet delves into the profound implications and applications of VR technology beyond the confines of mere amusement.
**Editor Notes: Exploring the World of GPT News Room**
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