Ai for Business

Sora: Creating video from text Sora is an AI model that can create realistic and imaginative scenes from text instructions. Read technical report All… openai.com Video taken from openai.com, Open AI’s Sora model’s landing page Open AI, the maker of Chat GPT, has launched a new Generative AI model called Sora which can instantly generate videos from text. The video that I have shared here is one such video generated by Sora. The quality of the videos is far superior to the ones generated by the previous models launched by the other tech giants. It is capable of generating videos in different resolutions and aspect ratios. It is not publicly available yet. While these videos appear more polished than those generated by earlier models, closer examination reveals occasional errors, such as discontinuity between frames and surreal scenes in realistic videos. You might see strange things like cats with three legs or a person’s arm disappearing into nowhere. You might notice a certain oddness...

  🌍 Experts on economy and technology think that AI will result in the growth of the global economy. In other words, it will boost the GDP of the world. For example, Accenture in its report ‘Why AI is the future engine of growth’ predicts that AI will double the global economic growth rate by 2035. PWC estimates that AI will add 15% to the world GDP by 2030. 📈 The contribution of AI to economic growth will come majorly from three factors: 💲 Capital investment in AI by the industry: most companies worldwide are spending on AI implementation because of its promise. Since capital expenditure is added to the GDP computation, this is one reason for the growth. ⏩ Productivity gain: AI enables automation of processes that are currently manual. This results in major productivity gains for the companies. Better productivity means better and cheaper products for the consumers. This boosts personal consumption which is a big part of the GDP calculation. 🆕 New products and services: AI wi...