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Google DeepMind unveils Veo 2, AI video model, saying it outperforms OpenAI’s Sora
Bay Area Times
December 17, 2024
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Top stories today:
- Google DeepMind unveils Veo 2, saying it outperforms OpenAI’s Sora
- Trump, Masayoshi Son announce $100B investment from SoftBank
- TikTok CEO reportedly meets Trump as company fights ban
- OpenAI expands ChatGPT Search to take on Google, Perplexity
- China’s Temu remains most downloaded free app on U.S. App Store
- Meta’s Threads crosses 300M monthly, 100M daily active users
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of the few hallucinations):
1. Google DeepMind unveils Veo 2, AI video model, saying it outperforms OpenAI’s Sora
Veo 2 currently can generate 8-second clips at 720p on VideoFX.
Behind a waitlist, unlike OpenAI’s Sora.
Later: Vertex AI will provide access to Veo 2 “as the model becomes ready for use at scale.”
Google says Veo 2 will generate 2-minute+ clips in 4K, 6x longer and 4x higher-res than Sora, but that’s theoretical and not at this time.
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Imagen 3 generates a new image based on the caption.
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3. Trump, Masayoshi Son announce $100B investment in U.S. from SoftBank
4-year investment pledge.
100K jobs are aimed to be created, focused on AI and related infra.
Echoed the $50B, 50K jobs promise Son made in 2016.
$27B cash is on SoftBank Group’s balance sheet as of Sep. 30.
Vision Fund 2 also has $3B left to deploy.
4. TikTok CEO reportedly meets Trump as company fights ban in Supreme Court
