🎥Pika 1.5 Launches with Groundbreaking AI Video Features.

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Midweek is here, and the tech developments keep rolling in. While an MIT economist argues that AI will only impact 5% of jobs, Pika Labs has introduced groundbreaking video features, and Microsoft has added voice and vision capabilities to its Copilot models. Tech giants continue pouring billions into data centers and new innovations, but questions about AI’s profitability remain. Let’s dive in!

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• 📰 News and Trends.
• Microsoft Adds Voice Interaction and Vision Features in Major Overhaul.
• Pika 1.5 Launches with Groundbreaking AI Video Features.
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• AI Hype Could Lead to Economic Crash, Only 5% of Jobs Will Be Impacted.
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📰 AI News and Trends

• App developers can now integrate OpenAI’s human-like voice feature into their own technology, allowing them to create AI assistants that talk to customers (Semafor)
• AI-Driven Energy Demand Sparks $3 Billion Grid Investment Boom in Asia, with Renewables Surging but Infrastructure Lagging (FT)
• AI, Not AR, is the Real Game-Changer in Smart Glasses: Meta and Snap’s New Devices Show Seamless AI Interaction as the Future of Wearable Tech but Meta won’t say whether it trains AI on smart glasses photos (MIT)
• Is AI really Disruptive (Ark Research)
• Microsoft’s mammoth AI bet will lead to over $100 billion in data center leases (CNBC)

🌐 Other Tech news

• 5 Chinese EV makers set monthly sales records as discounts draw young buyers. BYD, Li Auto, Xpeng, Zeekr and Leapmotor posted new monthly delivery records in September as new models and promotions proved enticing (MyNews)
• NYT to sell audio subscriptions through Apple and Spotify (Axios)
• Instagram Releases Influencer Playbook for Success on the Platform (TheVerge)
• Charles Schwab Open To Offering Cryptocurrency Trading Services (Binance)

Microsoft Adds Voice Interaction and Vision Features in Major Overhaul.

Microsoft has unveiled a major redesign of its Copilot AI assistant, adding voice and vision capabilities to make it more personalized and interactive. Users can now talk to Copilot naturally, much like OpenAI’s voice features, and use “Copilot Vision” to interact with content on webpages. This overhaul includes new features like a virtual news presenter, personalized homepages, and “Think Deeper” for complex questions. Microsoft aims to create a dynamic AI companion, with plans to expand Copilot’s functionality across mobile, web, and desktop platforms in select regions.

Pika 1.5 Launches with Groundbreaking AI Video Features.

Pika Labs has launched its most advanced AI video generation model yet with Pika 1.5, marking a significant leap in hyper-realistic video creation. The new features, branded as “Pikaffects,” include lifelike human and creature movements, along with dynamic camera techniques such as crash zooms and bullet time. These upgrades aim to make cinematic-quality videos more accessible, enabling small businesses and creative professionals to produce high-impact visuals without expensive equipment or large teams. With video now comprising 82% of all web traffic, Pika Labs is setting a new standard for AI-generated content in the industry.

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AI Hype Could Lead to Economic Crash, Only 5% of Jobs Will Be Impacted.

MIT warns that despite the hype around AI, only 5% of jobs are likely to be significantly impacted by AI in the next decade, dampening expectations of a major economic revolution. While AI investments are skyrocketing, with companies like Microsoft, Alphabet, Amazon, and Meta spending over $50 billion in one quarter, Acemoglu predicts that much of this spending may not yield the expected productivity gains. He outlines three potential scenarios: a cooling of the hype, a tech stock crash, or long-term economic disruption, with the latter two being more likely due to excessive AI optimism.

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