#6 Generative AI News. Gen AI Market to to grow 32% YOY, will transform a minority sport into a mass-participation game, is something Shutterstock is betting heavy on.
Also in news: Filmmaking will never be the same!
After inking its OpenAI deal, Shutterstock rolls out a generative AI toolkit to create images based on text prompts.
When Shutterstock and OpenAI announced a partnership to help develop OpenAI’s Dall-E 2 artificial intelligence image-generating platform with Shutterstock libraries to train and feed the algorithm, the stock photo and media giant also hinted that it would soon be bringing its own generative AI tools to users. Today the company took the wraps off that product.
Customers of Shutterstock’s Creative Flow online design platform will now be able to create images based on text prompts powered by OpenAI and Dall-E 2.
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The Global Generative AI Market size is expected to reach $53.9 billion by 2028.
Which is a 32.2 Year over year increase. Which is almost as big as the current top 3 industries combined.
Can generative AI’s stimulating powers extend to productivity?
Anyone with an internet connection can now experience the apparent magic by prompting Dall-E to generate an image of an astronaut riding a horse on the moon or ChatGPT to write a story about the lunar escapades of a horseriding astronaut. All this is (mostly) good and harmless fun. Generative
AI is already stimulating millions of copywriters, illustrators, video game developers — and time wasters. But the bigger question is: can it boost productivity in the economy overall? For years, technologists have compared the transformative effects of AI to that of microchips, electricity and fire. Yet economists still struggle to spot any change in the productivity data.
Makes some wonder if they are looking hard enough.
https://www.ft.com/content/1f08c2b7-9801-415d-93dd-72e724e5e2de
Generative AI is bringing the biggest disruption to filmmaking in 100 years
Dubbing brings global movies to local audiences. But a character’s mouth movements may not match the new language. Flawless is solving the problem with generative AI — and removing profanity post-production. Welcome to the future of filmmaking.
https://tech.eu/2023/01/23/flawless-brings/