Top stories today:

1. Google’s AI announcements: Vids, text-to-4-second video, more
2. GPT-4 Turbo with Vision now available via API
3. India now responsible for 14% of total iPhone production
4. ByteDance’s revenue +66% to $120B in 2023, EBITDA +60% to $40B
5. CPI expected at 0.3% / 3.4%, core CPI at 0.3% / 3.7%

0. Data and calendar

1. Google’s AI announcements: Vids, text-to-4-second video, Gemini Pro 1.5 public preview, CodeGemma, more

Vids is Google’s AI-powered video editor made for the workplace:

• “Coming soon.”

Imagen 2 now has “text-to-live images,” 4-second videos similar to Runway

• Only 360×640 resolution.

• In line with Demis Hassabis’s alleged comments that Google may fail to catch up with OpenAI’s Sora.

• Available in preview on Google Cloud’s Vertex AI.

Other Google news

• Gemini 1.5 Pro entered public preview on Vertex AI.

• CodeGemma and RecurrentGemma are the first 2 Gemma (open-source) variants.

• New Workspace features include voice prompting on mobile Gmail, Building Blocks on Sheets, and more.

• In-house chip efforts are being expanded with the preparation of a new chip called Axion.

• Bayer is partnering with Google on new AI product for radiologists.

• WPP, the world’s largest ad group, announced Gemini collaboration.

2. GPT-4 Turbo with Vision now available via API, OpenAI announces after Google’s keynote event

Read more: VentureBeat.

4. India now responsible for 14% of total iPhone production, from 7% last year

Apple expects to get the number to 25% in 1 or 2 years:

5. ByteDance’s revenue +66% to $120B in 2023, EBITDA +60% to $40B

• Nearing Meta’s $135B of revenue in 2023, from $117B in 2022.

• TikTok was ~$20B of that revenue, and is around break-even.

• ByteDance offered an up to $5B buyback at $268B valuation in Dec., from a peak secondary market valuation of $460B in 2021.

6. CPI expected at 0.3% / 3.4%, core CPI at 0.3% / 3.7%, out at 8:30 AM ET

Read more: Yahoo.

7. Interesting videos, posts, and memes

8. Other headlines

AI

• OpenAI hires 24+ in-house lawyers to prepare for lawsuits.

• Apple's new Ferret LLM could help Siri read iOS apps.

• eBay adds AI-powered “shop the look” feature to iOS app.

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Tech

• TSMC’s revenue +16% to $18.5B in Q1, after decline in 2023.

• VR devices: only 13% of teens use on weekly basis, from 10% in 2023.

• Linqto go to public via $700M SPAC deal.

• Automattic buys Beeper, iMessage on Android, for $125M.

• Streamline your Business Ops with Bigin by Zoho CRM! Get 50% off, up to $100.*

*Sponsored.

Tech & law

• Samsung getting $6B from Chips Act, as part of $44B TX investment.

• Meta's Nick Clegg: AI not used on “systemic basis” to subvert elections.

• Jack Ma endorses Alibaba's new leaders, emerging from seclusion.

Biotech

• LyGenesis commences Phase II trial for growth of liver organoids.

• Cholesterol-consuming gut microbes lower heart disease risk.

Business

• Boeing 787 had manufacturing shortcuts: whistleblower.

Crypto

• Monad raises $225M at ~$3B to compete with Ethereum.

• Mango Markets exploiter’s defense: trade, not theft.

• Memecoin index introduced by WOO X.

U.S. politics

• Biden says he may have power to close border on his own.

• Trump’s NY criminal trial to start Mon, as appellate judge rejects delay bid.

World

• Rafah operation has no date set, Gallant tells Austin: sources.

• Israel threatens direct strike on Iran if Tehran attacks from own soil.

• Hamas rejects U.S. plan for 6-week ceasefire.

• Seized Iranian guns, rocket launchers transferred to Ukraine by U.S.

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