It was quite a surprise when Adam Selipsky stepped down as the CEO of Amazon’s AWS cloud computing unit. What was maybe just as much of a surprise was that Matt Garman succeeded him. Garman joined Amazon as an intern in 2005 and became a full-time employee in 2006, working on the early AWS products. […]
Generative AI startup Runway inks deal with a major Hollywood studio
Runway, a startup developing AI video tools, including video-generating models, has partnered with Lionsgate—the studio behind the “John Wick” and “Twilight” franchises—to train a custom video model on Lionsgate’s movie catalog. Lionsgate vice chair Michael Burns said in a statement that the studio’s “filmmakers, directors and other creative talent” will get access to the model […]
Meta Llama: Everything you need to know about the open generative AI model
Like every big tech company these days, Meta has its own flagship generative AI model, called Llama. Llama is somewhat unique among major models in that it’s “open,” meaning developers can download and use it however they please (with certain limitations). That’s in contrast to models like Anthropic’s Claude, OpenAI’s GPT-4o (which powers ChatGPT) and […]
Generative AI coding startup Magic lands $320M investment from Eric Schmidt, Atlassian and others
Magic, an AI startup creating models to generate code and automate a range of software development tasks, has raised a large tranche of cash from investors, including ex-Google CEO Eric Schmidt. In a blog post on Thursday, Magic said that it closed a $ 320 million fundraising round with contributions from Schmidt, as well as […]
Artists’ lawsuit against generative AI makers can go forward, judge says
A class action lawsuit filed by artists who allege that Stability, Runway and DeviantArt illegally trained their AIs on copyrighted works can move forward, but only in part, the presiding judge decided on Monday. In a mixed ruling, several of the plaintiffs’ claims were dismissed while others survived, meaning the suit could end up at […]