Tue. 12/17 – TikTok CEO Dines With Trump

Dec 17, 2024 16m

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On the same day that ByteDance asks the US Supreme Court to intervene, the TikTok CEO meets with Donald Trump. DeepMind’s big new competitor to Sora called Veo 2. The FTC comes down against so called “junk fees.” And on their historic raise, a deep dive look at Databricks, one of the biggest private companies in the world.

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TikTok's Continued Controversy

ByteDance has approached the U.S. Supreme Court seeking to block a law that may lead to a ban on TikTok by January 19th. A significant moment on the same day was the meeting between TikTok CEO Shoo Zee Choo and President-elect Donald Trump, who expressed a favorable view of TikTok, suggesting the law could be unenforced if he chooses. TikTok's legal argument hinges on First Amendment rights, opposing concerns of user data privacy and national security that have been raised by both parties in Congress.

DeepMind's New Video AI Model VO2

DeepMind has unveiled VO2, an advanced video-generating AI model that outperforms OpenAI's Sora in resolution and length, reaching 4K and over two minutes in duration. VO2 brings advancements in understanding physics and camera controls, offering sharper footage, better movement modeling, and nuanced human expressions, positioning it as a formidable competitor in the AI video space.

FTC Tackles Junk Fees

The FTC has issued new rules to enforce transparency regarding hotel and concert ticket pricing, aiming to eliminate hidden 'junk fees'. This initiative arose out of numerous consumer complaints about surprise charges. Although these rules will greatly benefit consumers in lodging and live events, there are concerns about potential limits on broader applications to other industries facing similar issues. The regulations come amid a political environment where Republican leaders may seek to roll back these consumer protections.

Waymo's Expansion into Japan

Waymo plans to test its robotaxis in Tokyo, marking its first international venture, with manual driver tests set to gather data for AI training. This partnership allows Waymo to prepare for integration into Tokyo's transportation systems while facing unique regulatory and operational challenges presented by the left-hand traffic environment. Both Waymo and local authorities view self-driving technology as a positive development for Japan's aging demographics.

Databricks' Impressive Fundraising and Growth

Databricks has secured $10 billion in funding, reaching a valuation of $62 billion, making it one of the largest VC raises ever. With $2.6 billion in revenue, the company provides crucial data analytics tools to major firms. The narrative of Databricks is intertwined with that of its founder, Ali Ghodsi, who has successfully triggered significant growth and efficiency improvements, positioning the company for a future IPO.

Google's Latest Innovations: WISC and Imagine 3

Google has introduced WISC, an image generation tool that utilizes existing images as prompts to create new visual content, supporting rapid exploration rather than detailed edits. The launch of this tool accompanies enhancements to the Imagine 3 model, which aims to improve image fidelity and adherence to prompts, showcasing Google's commitment to refining its generative models.